Catalyst Financial Partners LLC Invests $216,000 in Welltower Inc. (NYSE:WELL)

Catalyst Financial Partners LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,690 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other large investors have also recently added to or reduced their stakes in WELL. First Foundation Advisors bought a new stake in Welltower during the second quarter worth approximately $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower in the second quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in Welltower during the second quarter worth about $30,000. Manchester Capital Management LLC raised its position in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new position in shares of Welltower during the 2nd quarter valued at about $31,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of WELL opened at $134.88 on Friday. The company’s 50 day moving average price is $127.13 and its 200 day moving average price is $112.06. The company has a market capitalization of $80.65 billion, a PE ratio of 166.52, a PEG ratio of 2.91 and a beta of 1.21. Welltower Inc. has a 52 week low of $82.54 and a 52 week high of $139.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 analysts’ expectations of $1.95 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. Research analysts expect that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid 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 dividend yield of 1.99%. Welltower’s dividend payout ratio (DPR) is 330.86%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI increased their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.