Avitas Wealth Management LLC Purchases 340 Shares of Welltower Inc. (NYSE:WELL)

Avitas Wealth Management LLC lifted its position in shares of Welltower Inc. (NYSE:WELL) by 1.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,160 shares of the real estate investment trust’s stock after buying an additional 340 shares during the quarter. Avitas Wealth Management LLC’s holdings in Welltower were worth $3,093,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WELL. Capital International Investors grew its holdings in Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after buying an additional 6,104,064 shares in the last quarter. Zimmer Partners LP purchased a new position in Welltower during the first quarter valued at $309,917,000. Vanguard Group Inc. increased its holdings in Welltower by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after acquiring an additional 3,257,213 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new stake in Welltower in the 2nd quarter worth $254,977,000. Finally, Centersquare Investment Management LLC lifted its stake in Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after purchasing an additional 849,898 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 5.2 %

Shares of NYSE:WELL opened at $137.34 on Wednesday. The firm has a market capitalization of $82.12 billion, a PE ratio of 169.56, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21. The business has a 50 day simple moving average of $126.35 and a two-hundred day simple moving average of $111.71. Welltower Inc. has a 1 year low of $80.80 and a 1 year high of $137.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Welltower’s revenue was up 23.7% compared to the same quarter last year. On average, equities analysts predict that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.95%. Welltower’s payout ratio is 330.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Wedbush increased their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Scotiabank increased their price objective on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

About Welltower

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.