Walter & Keenan Wealth Management LLC IN ADV Invests $207,000 in Welltower Inc. (NYSE:WELL)

Walter & Keenan Wealth Management LLC IN ADV bought a new stake in Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,613 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Welltower by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors raised its holdings in Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after purchasing an additional 6,104,064 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after purchasing an additional 62,942 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after buying an additional 849,898 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Welltower by 12.4% in the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock valued at $414,229,000 after buying an additional 489,533 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Welltower stock opened at $137.34 on Wednesday. The firm’s fifty day moving average price is $126.35 and its 200 day moving average price is $111.71. The company has a market capitalization of $82.12 billion, a price-to-earnings ratio of 169.56, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $137.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm posted $0.92 EPS. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, research analysts forecast that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Evercore ISI lifted their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Wedbush raised their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.38.

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.