BSW Wealth Partners Acquires 426 Shares of Welltower Inc. (NYSE:WELL)

BSW Wealth Partners boosted its stake in Welltower Inc. (NYSE:WELL) by 21.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,433 shares of the real estate investment trust’s stock after purchasing an additional 426 shares during the quarter. BSW Wealth Partners’ holdings in Welltower were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Foundation Advisors acquired a new position in shares of Welltower during the second quarter worth approximately $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower during the second quarter valued at about $27,000. Meeder Asset Management Inc. bought a new stake in shares of Welltower during the second quarter worth about $30,000. Fortitude Family Office LLC lifted its position in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares in the last quarter. Finally, Centerpoint Advisors LLC acquired a new position in Welltower during the 2nd quarter valued at about $31,000. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada increased their price target on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Morgan Stanley lifted their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Stock Down 1.2 %

WELL opened at $133.27 on Monday. Welltower Inc. has a 12 month low of $84.38 and a 12 month high of $139.80. The company has a current ratio of 4.10, a quick ratio of 4.07 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $127.41 and its 200-day moving average price is $112.69. The company has a market cap of $82.99 billion, a P/E ratio of 87.68, a P/E/G ratio of 2.94 and a beta of 1.20.

Welltower (NYSE:WELL) last announced 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 company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. On average, equities analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.01%. Welltower’s payout ratio is currently 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.