Welltower Inc. (NYSE:WELL) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC lifted its position in Welltower Inc. (NYSE:WELL - Free Report) by 50.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,928 shares of the real estate investment trust's stock after acquiring an additional 3,004 shares during the quarter. Ballentine Partners LLC's holdings in Welltower were worth $1,368,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in Welltower in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Welltower in the first quarter valued at approximately $28,000. Franchise Capital Ltd purchased a new stake in Welltower in the first quarter valued at approximately $32,000. ZynergyRetirementPlanningLLC purchased a new stake in Welltower in the first quarter valued at approximately $33,000. Finally, Capital Advisors Ltd. LLC boosted its position in Welltower by 57.2% in the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 107 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Shares of NYSE:WELL traded up $0.82 during midday trading on Wednesday, reaching $157.53. 1,824,366 shares of the company's stock traded hands, compared to its average volume of 2,900,012. Welltower Inc. has a 1 year low of $105.34 and a 1 year high of $158.68. The company has a market cap of $103.02 billion, a P/E ratio of 90.54, a PEG ratio of 1.84 and a beta of 0.92. 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 company has a fifty day simple moving average of $151.56 and a two-hundred day simple moving average of $145.94.

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 (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 3.41% and a net margin of 12.65%. The business's revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Equities analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were issued a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.70%. Welltower's payout ratio is currently 154.02%.

Analyst Ratings Changes

Several research firms have commented on WELL. Evercore ISI upped their price objective on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective 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. Mizuho raised their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.18.

Insiders Place Their Bets

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

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.