Nisa Investment Advisors LLC Grows Position in Welltower Inc. (NYSE:WELL)

Nisa Investment Advisors LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 323,537 shares of the real estate investment trust’s stock after buying an additional 14,017 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Welltower were worth $33,729,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WELL. TruNorth Capital Management LLC purchased a new position in shares of Welltower during the second quarter worth about $27,000. Rise Advisors LLC acquired a new position in shares of Welltower during the 1st quarter valued at $27,000. Manchester Capital Management LLC grew its stake in shares of Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Welltower in the 4th quarter valued at about $35,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Welltower during the first quarter worth about $43,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock traded down $0.41 during trading on Monday, hitting $115.51. The company’s stock had a trading volume of 777,688 shares, compared to its average volume of 2,678,172. The business has a fifty day moving average of $107.87 and a 200-day moving average of $99.06. The company has a current ratio of 4.07, a quick ratio of 3.83 and a debt-to-equity ratio of 0.47. The company has a market cap of $69.07 billion, a PE ratio of 143.11, a P/E/G ratio of 2.74 and a beta of 1.18. Welltower Inc. has a 52 week low of $78.38 and a 52 week high of $118.63.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating 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 company 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 business earned $0.90 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts anticipate that Welltower Inc. will post 4.16 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Monday, August 12th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Insider Buying and Selling

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on WELL. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Mizuho increased their price target on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Scotiabank lifted their price target on shares of Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley lifted their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada upped their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.19.

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.