First Horizon Advisors Inc. Boosts Holdings in Welltower Inc. (NYSE:WELL)

First Horizon Advisors Inc. lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 691 shares of the real estate investment trust’s stock after buying an additional 121 shares during the quarter. First Horizon Advisors Inc.’s holdings in Welltower were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC purchased a new position in Welltower during the 4th quarter valued at about $25,000. Headlands Technologies LLC lifted its holdings in shares of Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Welltower in the 3rd quarter worth approximately $38,000. Salem Investment Counselors Inc. grew its stake in shares of Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 194 shares during the last quarter. Finally, Rational Advisors LLC purchased a new position in Welltower during the third quarter valued at $43,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WELL. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price on the stock. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Monday. BNP Paribas assumed coverage on shares of Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price on the stock. Finally, Scotiabank reduced their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.57.

Welltower Trading Up 0.7 %

Welltower stock opened at $97.46 on Wednesday. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower Inc. has a 52-week low of $72.47 and a 52-week high of $98.19. The company has a market cap of $58.27 billion, a P/E ratio of 120.32, a P/E/G ratio of 2.42 and a beta of 1.07. The business has a 50-day simple moving average of $92.46 and a two-hundred day simple moving average of $90.00.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. Analysts predict that Welltower Inc. will post 4.06 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.50%. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.