1,679 Shares in Welltower Inc. (NYSE:WELL) Purchased by West Family Investments Inc.

West Family Investments Inc. purchased a new position in Welltower Inc. (NYSE:WELL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,679 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Other large investors also recently added to or reduced their stakes in the company. First Foundation Advisors purchased a new position in shares of Welltower in the 2nd quarter valued at $26,000. TruNorth Capital Management LLC bought a new position in Welltower in the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new position in Welltower in the second quarter worth about $30,000. Centerpoint Advisors LLC purchased a new stake in shares of Welltower during the second quarter valued at about $31,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of 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 buying an additional 78 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WELL has been the topic of several analyst reports. Wedbush lifted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Scotiabank raised their price target on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft boosted 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, Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.68.

Welltower Trading Up 0.9 %

Shares of WELL stock opened at $138.18 on Wednesday. The stock has a 50 day simple moving average of $130.58 and a 200-day simple moving average of $116.26. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.19. The company has a market cap of $86.04 billion, a price-to-earnings ratio of 90.91, a PEG ratio of 3.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

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 the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. 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 1.94%. Welltower’s payout ratio is currently 176.32%.

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.