Blair William & Co. IL Purchases 1,834 Shares of Welltower Inc. (NYSE:WELL)

Key Points

• Blair William & Co. IL increased its stake in Welltower Inc. by 6.3%, purchasing an additional 1,834 shares, bringing its total holdings to 31,048 shares valued at $4.76 million.
• Welltower recently reported earnings per share of $1.28, exceeding analyst expectations of $1.22, and its revenue increased by 39.6% year-over-year.
• The company has announced a quarterly dividend increase to $0.74, reflecting a dividend yield of 1.8%, with an upcoming payment scheduled for August 21st.

Blair William & Co. IL increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,048 shares of the real estate investment trust's stock after purchasing an additional 1,834 shares during the period. Blair William & Co. IL's holdings in Welltower were worth $4,757,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WELL. LPL Financial LLC raised its position in shares of Welltower by 3.9% during the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock valued at $39,536,000 after acquiring an additional 9,678 shares during the last quarter. Beacon Financial Planning Inc. raised its position in shares of Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock valued at $4,274,000 after acquiring an additional 1,780 shares during the last quarter. Summit Trail Advisors LLC raised its position in shares of Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock valued at $1,035,000 after acquiring an additional 2,571 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Welltower by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock valued at $20,147,000 after acquiring an additional 10,423 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new stake in shares of Welltower during the 1st quarter valued at $313,000. Institutional investors own 94.80% of the company's stock.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was bought 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 approximately $3,029,200. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Welltower Stock Up 0.6%

NYSE WELL traded up $0.94 on Thursday, reaching $169.90. The company had a trading volume of 2,591,869 shares, compared to its average volume of 2,376,813. The firm has a market capitalization of $113.63 billion, a price-to-earnings ratio of 95.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. Welltower Inc. has a 1-year low of $114.37 and a 1-year high of $171.09. The company's fifty day moving average is $156.55 and its 200-day moving average is $150.17.

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

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.74 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio (DPR) is currently 151.41%.

Wall Street Analyst Weigh In

WELL has been the subject of several recent research reports. Wells Fargo & Company upped their target price on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Evercore ISI upped their price objective on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Scotiabank restated an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley upped their price objective 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 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $169.82.

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.