Capital Square LLC Acquires New Holdings in Welltower Inc. (NYSE:WELL)

Capital Square LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the third quarter, according to its most recent filing with the SEC. The firm purchased 4,636 shares of the real estate investment trust’s stock, valued at approximately $594,000.

Other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its position 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 worth $37,000 after purchasing an additional 78 shares in the last quarter. Old North State Wealth Management LLC boosted its holdings in Welltower by 0.6% in the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after acquiring an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after acquiring an additional 82 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Welltower by 2.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 94 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in Welltower by 14.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 96 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WELL shares. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Wedbush raised their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Stock Down 0.3 %

Shares of Welltower stock traded down $0.39 during trading hours on Monday, reaching $137.52. 181,375 shares of the company were exchanged, compared to its average volume of 2,648,960. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.19. The firm has a market cap of $85.63 billion, a PE ratio of 90.73, a PEG ratio of 3.09 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The stock’s fifty day moving average is $131.10 and its 200 day moving average is $117.11.

Welltower (NYSE:WELL) last issued its 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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.95%. Welltower’s dividend payout ratio is presently 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.