Axxcess Wealth Management LLC Makes New Investment in Welltower Inc. (NYSE:WELL)

Axxcess Wealth Management LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,564 shares of the real estate investment trust's stock, valued at approximately $1,006,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Mexico Educational Retirement Board increased its holdings in Welltower by 0.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 27,648 shares of the real estate investment trust's stock worth $4,236,000 after purchasing an additional 100 shares during the period. Rehmann Capital Advisory Group increased its holdings in Welltower by 4.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,497 shares of the real estate investment trust's stock worth $383,000 after purchasing an additional 111 shares during the period. Dogwood Wealth Management LLC increased its holdings in Welltower by 12.6% during the 1st quarter. Dogwood Wealth Management LLC now owns 5,455 shares of the real estate investment trust's stock worth $836,000 after purchasing an additional 609 shares during the period. Principal Securities Inc. increased its holdings in Welltower by 3.9% during the 1st quarter. Principal Securities Inc. now owns 4,935 shares of the real estate investment trust's stock worth $756,000 after purchasing an additional 185 shares during the period. Finally, Greenleaf Trust increased its holdings in Welltower by 8.8% during the 1st quarter. Greenleaf Trust now owns 10,248 shares of the real estate investment trust's stock worth $1,570,000 after purchasing an additional 828 shares during the period. 94.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Welltower Stock Up 1.6%

WELL stock traded up $2.38 on Friday, hitting $155.10. 2,419,527 shares of the company's stock were exchanged, compared to its average volume of 2,906,255. Welltower Inc. has a 12-month low of $103.36 and a 12-month high of $158.55. The firm has a 50 day moving average price of $151.30 and a two-hundred day moving average price of $145.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The stock has a market cap of $101.43 billion, a P/E ratio of 89.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $1.01 EPS. The firm's revenue for the quarter was up 30.3% on a year-over-year basis. As a group, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.73%. Welltower's dividend payout ratio (DPR) is 154.02%.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho raised their price objective on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Wells Fargo & Company lifted their price target on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Scotiabank reiterated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Evercore ISI lifted their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $168.18.

Welltower 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.