Checchi Capital Advisers LLC Buys 1,797 Shares of Welltower Inc. (NYSE:WELL)

Checchi Capital Advisers LLC raised its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,003 shares of the real estate investment trust's stock after purchasing an additional 1,797 shares during the quarter. Checchi Capital Advisers LLC's holdings in Welltower were worth $1,686,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower during the first quarter worth $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower during the first quarter worth $28,000. Franchise Capital Ltd bought a new stake in shares of Welltower during the first quarter worth $32,000. ZynergyRetirementPlanningLLC bought a new stake in shares of Welltower during the first quarter worth $33,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Insider Transactions at Welltower

In related 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 acquired 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WELL. Mizuho boosted their target price on Welltower from $141.00 to $170.00 and gave the stock 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 report on Tuesday, May 6th. Wells Fargo & Company upped their price objective 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. Finally, Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $168.18.

Welltower Stock Up 1.4%

Shares of WELL stock traded up $2.06 on Friday, hitting $152.77. 1,513,926 shares of the stock were exchanged, compared to its average volume of 2,920,275. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $99.90 billion, a P/E ratio of 87.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The business has a 50-day moving average of $151.06 and a 200 day moving average of $144.40. Welltower Inc. has a fifty-two week low of $102.92 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. Welltower's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. Equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 yield of 1.75%. Welltower's payout ratio is presently 154.02%.

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.