Welltower Inc. (NYSE:WELL) Shares Acquired by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 40.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,685 shares of the real estate investment trust's stock after acquiring an additional 2,770 shares during the period. Agate Pass Investment Management LLC's holdings in Welltower were worth $1,484,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Roxbury Financial LLC purchased a new stake in shares of Welltower in the 4th quarter valued at about $26,000. Sierra Ocean LLC acquired a new position in Welltower during the fourth quarter worth approximately $28,000. Franchise Capital Ltd acquired a new position in Welltower during the first quarter worth approximately $32,000. First Command Advisory Services Inc. purchased a new stake in Welltower in the fourth quarter valued at approximately $50,000. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

NYSE WELL traded up $1.29 during trading hours on Friday, hitting $154.36. 7,389,934 shares of the stock were exchanged, compared to its average volume of 2,918,845. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $100.94 billion, a price-to-earnings ratio of 98.95, 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 stock has a 50-day moving average of $147.90 and a 200 day moving average of $141.28.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share 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 the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. As a group, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.74%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Evercore ISI raised their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Bank of America upped their target price on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $161.83.

Welltower Company 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.