Welltower Inc. (NYSE:WELL) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,609 shares of the real estate investment trust’s stock after selling 629 shares during the quarter. American Financial Advisors LLC’s holdings in Welltower were worth $1,419,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WELL. Louisiana State Employees Retirement System boosted its position in shares of Welltower by 5.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,800 shares of the real estate investment trust’s stock valued at $3,524,000 after purchasing an additional 1,600 shares during the period. &PARTNERS boosted its holdings in shares of Welltower by 106.5% in the second quarter. &PARTNERS now owns 5,515 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 2,844 shares during the period. GYL Financial Synergies LLC grew its position in shares of Welltower by 2.8% during the second quarter. GYL Financial Synergies LLC now owns 19,114 shares of the real estate investment trust’s stock worth $1,993,000 after acquiring an additional 524 shares during the last quarter. Harbour Trust & Investment Management Co increased its holdings in shares of Welltower by 3.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 55,723 shares of the real estate investment trust’s stock valued at $5,809,000 after acquiring an additional 1,695 shares during the period. Finally, Shelton Wealth Management LLC purchased a new stake in Welltower in the 2nd quarter valued at $223,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Buying and Selling at Welltower

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the sale, the director now owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Mizuho lifted their price objective on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Royal Bank of Canada upped their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Scotiabank increased their price objective on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus price target of $108.88.

Welltower Price Performance

Welltower stock traded up $1.51 during mid-day trading on Friday, reaching $119.33. The company had a trading volume of 2,219,742 shares, compared to its average volume of 2,670,673. The stock’s 50-day simple moving average is $109.22 and its 200-day simple moving average is $99.92. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $119.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 3.83. The company has a market capitalization of $71.35 billion, a P/E ratio of 147.32, a P/E/G ratio of 2.74 and a beta of 1.18.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. Welltower’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Welltower Inc. will post 4.16 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.25%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is presently 330.86%.

Welltower Profile

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.