WESPAC Advisors SoCal LLC Buys Shares of 23,744 Welltower Inc. (NYSE:WELL)

WESPAC Advisors SoCal LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL) in the 3rd quarter, Holdings Channel reports. The firm purchased 23,744 shares of the real estate investment trust’s stock, valued at approximately $3,040,000.

Other institutional investors also recently modified their holdings of the company. First Foundation Advisors acquired a new position in Welltower in the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC bought a new stake in shares of Welltower in the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the second quarter valued at $30,000. Centerpoint Advisors LLC acquired a new stake in Welltower in the second quarter valued at $31,000. Finally, Fortitude Family Office LLC raised its position in Welltower by 37.0% during 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 during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on WELL shares. Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Scotiabank upped their price objective on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. Wedbush increased their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Stock Performance

WELL stock opened at $136.02 on Friday. The business has a 50 day moving average of $130.20 and a 200-day moving average of $115.52. The firm has a market cap of $84.70 billion, a PE ratio of 89.49, a P/E/G ratio of 3.05 and a beta of 1.20. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its earnings results 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). The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. As a group, sell-side analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Welltower 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.