Chicago Partners Investment Group LLC Acquires Shares of 1,401 Welltower Inc. (NYSE:WELL)

Chicago Partners Investment Group LLC bought a new position in shares of Welltower Inc. (NYSE:WELL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,401 shares of the real estate investment trust’s stock, valued at approximately $212,000.

Several other large investors also recently bought and sold shares of WELL. Northern Trust Corp lifted its holdings in Welltower by 53.5% during the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust’s stock worth $1,062,495,000 after buying an additional 2,939,229 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Welltower by 17,343.3% in the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust’s stock valued at $266,287,000 after buying an additional 1,728,088 shares during the last quarter. Bank of America Corp DE grew its position in Welltower by 9.7% during the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust’s stock worth $2,357,617,000 after purchasing an additional 1,652,611 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Welltower during the 4th quarter worth approximately $194,272,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Welltower by 27.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,728,921 shares of the real estate investment trust’s stock valued at $724,518,000 after purchasing an additional 1,030,599 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Scotiabank reaffirmed an “outperform” rating on shares of Welltower in a report on Monday, June 23rd. Wall Street Zen downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Evercore ISI lifted their target price on shares of Welltower from $162.00 to $175.00 and gave the company an “in-line” rating in a report on Wednesday, July 30th. Finally, Wedbush reaffirmed an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.82.

Welltower Stock Down 2.1%

WELL stock opened at $164.58 on Wednesday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a fifty-two week low of $115.18 and a fifty-two week high of $171.09. The firm’s 50-day simple moving average is $157.32 and its 200 day simple moving average is $150.98. The stock has a market cap of $110.07 billion, a PE ratio of 92.98, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. Welltower’s payout ratio is currently 151.41%.

Insider Activity

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

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.