IHT Wealth Management LLC Grows Stock Position in Welltower Inc. (NYSE:WELL)

IHT Wealth Management LLC lifted its stake in Welltower Inc. (NYSE:WELL) by 28.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,550 shares of the real estate investment trust’s stock after purchasing an additional 1,442 shares during the period. IHT Wealth Management LLC’s holdings in Welltower were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Investment Management Corp of Ontario lifted its holdings in Welltower by 57.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 19,816 shares of the real estate investment trust’s stock worth $2,537,000 after buying an additional 7,200 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Welltower by 30.4% during the 3rd quarter. HighTower Advisors LLC now owns 87,588 shares of the real estate investment trust’s stock worth $11,232,000 after buying an additional 20,445 shares during the last quarter. Centiva Capital LP lifted its holdings in Welltower by 269.8% during the 3rd quarter. Centiva Capital LP now owns 19,903 shares of the real estate investment trust’s stock worth $2,548,000 after buying an additional 14,521 shares during the last quarter. Beck Capital Management LLC purchased a new stake in Welltower during the 3rd quarter worth about $2,450,000. Finally, Benjamin Edwards Inc. lifted its holdings in Welltower by 35.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 19,722 shares of the real estate investment trust’s stock worth $2,529,000 after buying an additional 5,132 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank upped their target price on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada lifted their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $120.77.

Welltower Stock Down 1.0 %

Welltower stock opened at $131.32 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The firm’s fifty day moving average is $132.66 and its 200 day moving average is $119.13. The company has a market capitalization of $81.77 billion, a PE ratio of 86.40, a PEG ratio of 2.98 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.04%. Welltower’s payout ratio is 176.32%.

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.