Welltower Inc. (NYSE:WELL) Shares Bought by Westover Capital Advisors LLC

Westover Capital Advisors LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.4% in the second quarter, HoldingsChannel reports. The fund owned 32,819 shares of the real estate investment trust’s stock after buying an additional 462 shares during the period. Welltower makes up about 0.9% of Westover Capital Advisors LLC’s portfolio, making the stock its 26th largest holding. Westover Capital Advisors LLC’s holdings in Welltower were worth $3,421,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WELL. First Foundation Advisors acquired a new position in Welltower during the second quarter worth about $26,000. Rise Advisors LLC acquired a new position in shares of Welltower in the 1st quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower in the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Welltower in the 2nd quarter worth approximately $30,000. Finally, Manchester Capital Management LLC grew its stake in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WELL shares. Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Wells Fargo & Company lifted their price objective on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, KeyCorp lifted their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Five equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.58.

Welltower Price Performance

NYSE WELL opened at $129.75 on Friday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $79.04 billion, a PE ratio of 160.19, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The company has a 50 day moving average price of $115.29 and a two-hundred day moving average price of $103.39. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $129.87.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a $0.67 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. Welltower’s dividend payout ratio (DPR) is currently 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.