Arkadios Wealth Advisors Boosts Position in Welltower Inc. (NYSE:WELL)

Key Points

• Arkadios Wealth Advisors has increased its stake in Welltower Inc. by 43.9% in the first quarter, owning 9,237 shares valued at approximately $1.415 million.
• Welltower reported a quarterly earnings per share (EPS) of $1.28, exceeding analysts' expectations, with a revenue of $2.55 billion, marking a year-over-year increase of 39.6%.
• The company announced a dividend increase to $0.74 per share, payable on August 21st, which raises its annualized yield to 1.8%.

Arkadios Wealth Advisors boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 43.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,237 shares of the real estate investment trust's stock after buying an additional 2,819 shares during the period. Arkadios Wealth Advisors' holdings in Welltower were worth $1,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Welltower in the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Welltower during the first quarter worth about $28,000. Hughes Financial Services LLC purchased a new stake in Welltower during the first quarter worth about $31,000. Franchise Capital Ltd purchased a new stake in Welltower during the first quarter worth about $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Welltower during the first quarter worth about $32,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL opened at $166.32 on Friday. The stock has a 50 day moving average price of $155.13 and a 200 day moving average price of $149.04. The company has a quick ratio of 4.23, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $111.24 billion, a price-to-earnings ratio of 93.97, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. Welltower Inc. has a 52-week low of $110.74 and a 52-week high of $168.84.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%. The firm's quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. Research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be paid a $0.74 dividend. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is presently 151.41%.

Insiders Place Their Bets

In other news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Morgan Stanley boosted their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Evercore ISI boosted their price objective on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research report on Wednesday. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has given 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, Welltower has an average rating of "Moderate Buy" and an average price target of $169.82.

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.

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