5,087 Shares in Welltower Inc. (NYSE:WELL) Bought by Retirement Guys Formula LLC

Retirement Guys Formula LLC purchased a new position in Welltower Inc. (NYSE:WELL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,087 shares of the real estate investment trust’s stock, valued at approximately $475,000.

A number of other institutional investors also recently bought and sold shares of WELL. Bruce G. Allen Investments LLC purchased a new stake in Welltower in the fourth quarter worth $25,000. Rise Advisors LLC purchased a new stake in Welltower in the first quarter worth $27,000. Scarborough Advisors LLC purchased a new stake in Welltower in the fourth quarter worth $35,000. Salem Investment Counselors Inc. increased its stake in Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 194 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Welltower in the third quarter worth $38,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Down 0.6 %

NYSE WELL traded down $0.62 during trading on Thursday, hitting $105.35. The company’s stock had a trading volume of 1,204,766 shares, compared to its average volume of 3,502,184. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The company has a market cap of $62.99 billion, a PE ratio of 130.06, a P/E/G ratio of 2.61 and a beta of 1.18. The business’s 50 day simple moving average is $101.12 and its 200-day simple moving average is $94.32. Welltower Inc. has a fifty-two week low of $77.90 and a fifty-two week high of $106.23.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. Welltower’s revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. On average, equities analysts anticipate that Welltower Inc. will post 4.12 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Insiders Place Their Bets

In related news, Director Kenneth J. Bacon sold 1,800 shares of Welltower 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 of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

WELL has been the topic of several research reports. BNP Paribas initiated coverage on Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. Scotiabank raised their price target on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho raised their price target on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. KeyCorp raised their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average target price of $99.50.

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.