Beacon Financial Planning Inc. Raises Position in Welltower Inc. (NYSE:WELL)

Beacon Financial Planning Inc. increased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,893 shares of the real estate investment trust's stock after buying an additional 1,780 shares during the quarter. Welltower accounts for about 2.5% of Beacon Financial Planning Inc.'s holdings, making the stock its 10th biggest holding. Beacon Financial Planning Inc.'s holdings in Welltower were worth $4,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Welltower in the first quarter valued at approximately $28,000. Franchise Capital Ltd bought a new position in shares of Welltower in the 1st quarter valued at $32,000. ZynergyRetirementPlanningLLC bought a new position in shares of Welltower in the 1st quarter valued at $33,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Welltower by 57.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 107 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in Welltower during the 4th quarter worth $53,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research reports. Mizuho increased their target price on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Morgan Stanley upped their price objective on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI lifted their target price 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. Finally, Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $163.75.

Welltower Trading Down 0.8%

NYSE:WELL opened at $152.20 on Friday. Welltower Inc. has a 52 week low of $102.92 and a 52 week high of $158.55. 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 firm's fifty day moving average is $150.50 and its 200-day moving average is $143.70. The firm has a market cap of $99.53 billion, a P/E ratio of 87.47, a P/E/G ratio of 1.77 and a beta of 0.94.

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

Welltower Dividend Announcement

The firm also recently announced 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 of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.76%. Welltower's payout ratio is currently 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.

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