SpiderRock Advisors LLC Invests $404,000 in Welltower Inc. (NYSE:WELL)

SpiderRock Advisors LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,382 shares of the real estate investment trust’s stock, valued at approximately $404,000.

Several other hedge funds and other institutional investors have also modified their holdings of WELL. Federated Hermes Inc. raised its holdings in shares of Welltower by 16.5% during the third quarter. Federated Hermes Inc. now owns 9,705 shares of the real estate investment trust’s stock worth $795,000 after acquiring an additional 1,372 shares in the last quarter. AQR Capital Management LLC raised its holdings in Welltower by 8.3% during the third quarter. AQR Capital Management LLC now owns 105,286 shares of the real estate investment trust’s stock valued at $8,625,000 after buying an additional 8,106 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Welltower by 16.3% during the third quarter. Glenmede Trust Co. NA now owns 5,174 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 727 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Welltower by 9.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 485,706 shares of the real estate investment trust’s stock valued at $39,789,000 after buying an additional 40,500 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Welltower by 8.8% during the third quarter. Evergreen Capital Management LLC now owns 2,707 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 219 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of NYSE:WELL traded up $1.05 during trading on Friday, reaching $106.40. The stock had a trading volume of 518,669 shares, compared to its average volume of 2,670,283. Welltower Inc. has a 52 week low of $77.90 and a 52 week high of $106.50. The business’s 50-day moving average price is $101.35 and its 200 day moving average price is $94.40. 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 stock has a market capitalization of $63.62 billion, a PE ratio of 130.06, a P/E/G ratio of 2.60 and a beta of 1.18.

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

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, May 10th. Welltower’s payout ratio is presently 301.23%.

Insider Buying and Selling

In related news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on WELL. BNP Paribas began coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price on the stock. Wells Fargo & Company raised their target price on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Scotiabank raised their price target on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research report 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 report on Wednesday, May 8th. Finally, StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Sunday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.