Middleton & Co. Inc. MA Takes $218,000 Position in Welltower Inc. (NYSE:WELL)

Middleton & Co. Inc. MA bought a new stake in Welltower Inc. (NYSE:WELL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,700 shares of the real estate investment trust’s stock, valued at approximately $218,000.

A number of other hedge funds also recently modified their holdings of the business. Valeo Financial Advisors LLC raised its holdings in shares of Welltower by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 94 shares in the last quarter. RDA Financial Network raised its holdings in shares of Welltower by 0.6% during the second quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after acquiring an additional 104 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of Welltower by 0.9% during the second quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock worth $1,267,000 after acquiring an additional 113 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Welltower by 2.1% during the third quarter. Ballentine Partners LLC now owns 5,595 shares of the real estate investment trust’s stock worth $716,000 after acquiring an additional 116 shares in the last quarter. Finally, Graypoint LLC raised its holdings in shares of Welltower by 4.8% during the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of several recent research reports. KeyCorp increased their price objective on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Evercore ISI boosted their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Trading Down 1.4 %

Welltower stock opened at $130.20 on Friday. The business’s 50-day simple moving average is $125.34 and its 200-day simple moving average is $110.55. The firm has a market capitalization of $79.31 billion, a PE ratio of 126.41, a PEG ratio of 2.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower Inc. has a 52 week low of $80.80 and a 52 week high of $132.66.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business posted $0.90 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio (DPR) is 260.20%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.