180 Wealth Advisors LLC Raises Position in Welltower Inc. (NYSE:WELL)

180 Wealth Advisors LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 118.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,878 shares of the real estate investment trust's stock after purchasing an additional 3,188 shares during the period. 180 Wealth Advisors LLC's holdings in Welltower were worth $901,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers grew its position in Welltower by 4.3% in the 1st quarter. Rhumbline Advisers now owns 1,300,721 shares of the real estate investment trust's stock valued at $199,283,000 after buying an additional 53,326 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Welltower by 176.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 14,189 shares of the real estate investment trust's stock worth $2,174,000 after acquiring an additional 9,049 shares during the period. Verde Capital Management boosted its holdings in shares of Welltower by 1.2% in the first quarter. Verde Capital Management now owns 16,070 shares of the real estate investment trust's stock valued at $2,462,000 after acquiring an additional 187 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Welltower by 18.7% during the first quarter. Parallel Advisors LLC now owns 5,441 shares of the real estate investment trust's stock worth $834,000 after acquiring an additional 859 shares during the period. Finally, Summit Global Investments increased its stake in shares of Welltower by 46.0% during the first quarter. Summit Global Investments now owns 10,109 shares of the real estate investment trust's stock worth $1,549,000 after acquiring an additional 3,184 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank increased their price objective on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.25.

Welltower Price Performance

Shares of NYSE WELL traded down $2.76 on Tuesday, hitting $152.46. The company's stock had a trading volume of 2,407,450 shares, compared to its average volume of 2,913,523. The stock has a 50 day moving average of $148.01 and a 200-day moving average of $141.46. The company has a market capitalization of $99.70 billion, a price-to-earnings ratio of 97.73, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 12-month low of $100.13 and a 12-month high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Welltower's revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

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.