Welltower Inc. (NYSE:WELL) Shares Bought by Sara Bay Financial

Sara Bay Financial lifted its position in shares of Welltower Inc. (NYSE:WELL) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,007 shares of the real estate investment trust’s stock after acquiring an additional 655 shares during the quarter. Sara Bay Financial’s holdings in Welltower were worth $626,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Welltower during the 1st quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new position in Welltower during the second quarter worth $27,000. Manchester Capital Management LLC raised its position in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Welltower in the fourth quarter valued at $35,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Welltower in the first quarter valued at $43,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent analyst reports. Scotiabank upped their price target on shares of Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Wedbush lifted their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. KeyCorp upped their price target on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Finally, Morgan Stanley raised their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.19.

Welltower Price Performance

NYSE:WELL traded down $0.38 during trading hours on Monday, reaching $115.54. 1,643,477 shares of the company traded hands, compared to its average volume of 2,683,618. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 3.83. The firm’s 50-day moving average is $107.87 and its 200-day moving average is $99.06. The stock has a market cap of $69.08 billion, a P/E ratio of 143.11, a P/E/G ratio of 2.74 and a beta of 1.18. Welltower Inc. has a 1-year low of $78.38 and a 1-year high of $118.63.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 earnings per share. Equities research analysts expect that Welltower Inc. will post 4.16 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.32%. Welltower’s payout ratio is 330.86%.

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.