TrinityPoint Wealth LLC Grows Holdings in Welltower Inc. (NYSE:WELL)

TrinityPoint Wealth LLC raised its stake in shares of Welltower Inc. (NYSE:WELL) by 252.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,068 shares of the real estate investment trust’s stock after buying an additional 7,215 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Welltower were worth $1,289,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WELL. First Foundation Advisors bought a new position in shares of Welltower in the 2nd quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new stake in Welltower in the 2nd quarter worth $27,000. Meeder Asset Management Inc. purchased a new position in Welltower during the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC bought a new stake in Welltower in the second quarter worth $31,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent analyst reports. Evercore ISI lifted their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wedbush upped their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their price target on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.68.

Welltower Stock Performance

Shares of WELL stock opened at $136.02 on Monday. The stock has a market cap of $84.70 billion, a PE ratio of 89.49, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The business has a 50-day simple moving average of $130.20 and a 200-day simple moving average of $115.67. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. On average, equities analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.97%. Welltower’s dividend payout ratio is currently 176.32%.

About Welltower

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.