B&I Capital AG Raises Holdings in Welltower Inc. (NYSE:WELL)

B&I Capital AG grew its stake in Welltower Inc. (NYSE:WELL - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,590 shares of the real estate investment trust's stock after acquiring an additional 6,770 shares during the period. Welltower accounts for 7.9% of B&I Capital AG's holdings, making the stock its 4th biggest holding. B&I Capital AG's holdings in Welltower were worth $24,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in WELL. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower in the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Welltower during the first quarter valued at approximately $28,000. Hughes Financial Services LLC purchased a new stake in Welltower during the first quarter valued at approximately $31,000. Franchise Capital Ltd purchased a new stake in Welltower during the first quarter valued at approximately $32,000. Finally, ZynergyRetirementPlanningLLC purchased a new stake in Welltower during the first quarter valued at approximately $33,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WELL has been the topic of a number of research reports. Evercore ISI increased their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wedbush reiterated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Scotiabank reiterated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Finally, Morgan Stanley raised their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Two 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the acquisition, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company's stock.

Welltower Price Performance

NYSE WELL traded down $0.19 during trading hours on Tuesday, reaching $160.14. The company's stock had a trading volume of 383,962 shares, compared to its average volume of 2,887,735. The stock has a market cap of $104.72 billion, a PE ratio of 91.99, a PEG ratio of 1.85 and a beta of 0.92. Welltower Inc. has a fifty-two week low of $106.98 and a fifty-two week high of $161.74. The company's 50-day moving average is $152.07 and its two-hundred day moving average is $146.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the company earned $1.01 EPS. The firm's revenue for the quarter was up 30.3% compared to the same quarter last year. Analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued 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 dividend yield of 1.67%. Welltower's payout ratio is currently 154.02%.

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.

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.