ICA Group Wealth Management LLC Has $103,000 Stock Position in Welltower Inc. (NYSE:WELL)

ICA Group Wealth Management LLC lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 984 shares of the real estate investment trust’s stock after selling 165 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Welltower were worth $103,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. First Foundation Advisors purchased a new stake in Welltower in the 2nd quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in Welltower during the first quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new position in Welltower during the second quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in shares of Welltower in the second quarter valued at approximately $30,000. Finally, Manchester Capital Management LLC lifted 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 worth $31,000 after buying an additional 254 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 0.7 %

WELL stock opened at $129.75 on Monday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $79.04 billion, a P/E ratio of 160.19, a P/E/G ratio of 2.97 and a beta of 1.21. Welltower Inc. has a 1-year low of $78.38 and a 1-year high of $129.87. The business’s 50 day moving average is $115.29 and its 200-day moving average is $103.55.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.07%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio is currently 330.86%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WELL. Deutsche Bank Aktiengesellschaft lifted their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Wells Fargo & Company raised their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Wedbush upped their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Scotiabank lifted their target price on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.71.

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.