Consolidated Planning Corp Buys 3,450 Shares of Welltower Inc. (NYSE:WELL)

Consolidated Planning Corp boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,006 shares of the real estate investment trust's stock after buying an additional 3,450 shares during the period. Welltower makes up 1.1% of Consolidated Planning Corp's holdings, making the stock its 27th biggest holding. Consolidated Planning Corp's holdings in Welltower were worth $7,661,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in shares of Welltower during the 1st quarter worth approximately $223,000. CYBER HORNET ETFs LLC acquired a new position in shares of Welltower during the 1st quarter valued at $234,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Welltower during the first quarter worth $2,746,000. Kentucky Retirement Systems boosted its stake in Welltower by 5.8% during the first quarter. Kentucky Retirement Systems now owns 42,086 shares of the real estate investment trust's stock worth $6,448,000 after acquiring an additional 2,319 shares in the last quarter. Finally, Inlight Wealth Management LLC acquired a new stake in Welltower in the first quarter worth $110,000. Institutional investors own 94.80% of the company's stock.

Welltower Stock Up 0.1%

NYSE WELL traded up $0.14 on Thursday, reaching $153.57. The company had a trading volume of 3,152,134 shares, compared to its average volume of 2,935,713. The stock has a market capitalization of $100.43 billion, a P/E ratio of 88.26, a P/E/G ratio of 1.78 and a beta of 0.94. The company's fifty day moving average is $150.40 and its 200 day moving average is $143.43. Welltower Inc. has a 52-week low of $101.97 and a 52-week high of $158.55. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last posted its 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 firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The business's revenue was up 30.3% compared to the same quarter last year. Sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio is presently 154.02%.

Analyst Ratings Changes

WELL has been the topic of several research reports. Mizuho upped their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Royal Bank Of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Scotiabank reiterated an "outperform" rating on shares of Welltower in a report on Monday. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Evercore ISI boosted their price objective on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $163.75.

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.