Welltower Inc. (NYSE:WELL) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its position in Welltower Inc. (NYSE:WELL) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,250 shares of the real estate investment trust’s stock after buying an additional 142 shares during the quarter. Signaturefd LLC’s holdings in Welltower were worth $964,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WELL. TruNorth Capital Management LLC bought a new position in shares of Welltower in the second quarter valued at $27,000. Rise Advisors LLC acquired a new position in shares of Welltower in the 1st quarter worth $27,000. Manchester Capital Management LLC raised its position in shares of Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter valued at $35,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Welltower during the first quarter valued at $43,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.1 %

NYSE WELL traded up $0.13 on Friday, reaching $120.68. The stock had a trading volume of 7,131,764 shares, compared to its average volume of 2,685,879. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $121.70. The business has a 50 day moving average price of $110.55 and a 200 day moving average price of $100.85. The company has a current ratio of 4.07, a quick ratio of 3.83 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $72.16 billion, a price-to-earnings ratio of 148.99, a P/E/G ratio of 2.74 and a beta of 1.18.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS. On average, analysts forecast that Welltower Inc. will post 4.16 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is presently 330.86%.

Insider Activity at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now owns 14,579 shares in the company, valued at approximately $1,514,903.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WELL. Morgan Stanley lifted their price target on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. KeyCorp boosted their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Wedbush lifted 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. Finally, Royal Bank of Canada increased their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.58.

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.