1,842 Shares in Welltower Inc. (NYSE:WELL) Bought by Geller Advisors LLC

Geller Advisors LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,842 shares of the real estate investment trust’s stock, valued at approximately $236,000.

Several other large investors also recently modified their holdings of WELL. First Foundation Advisors acquired a new stake in Welltower in the second quarter valued at $26,000. TruNorth Capital Management LLC bought a new stake in shares of Welltower in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower in the 2nd quarter valued at about $30,000. Centerpoint Advisors LLC bought a new position in shares of Welltower during the second quarter worth about $31,000. Finally, Fortitude Family Office LLC grew its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Mizuho upped their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Scotiabank lifted their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, 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. 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.77.

Welltower Price Performance

Shares of NYSE:WELL opened at $129.45 on Tuesday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $132.77 and its two-hundred day moving average is $119.80. The firm has a market capitalization of $80.61 billion, a P/E ratio of 85.16, a PEG ratio of 2.95 and a beta of 1.20. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75.

Welltower (NYSE:WELL) last announced 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). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. Welltower’s dividend payout ratio is presently 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.