Dorsey Wright & Associates Acquires Shares of 10,455 Welltower Inc. (NYSE:WELL)

Dorsey Wright & Associates acquired a new position in Welltower Inc. (NYSE:WELL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,455 shares of the real estate investment trust's stock, valued at approximately $1,602,000.

Several other institutional investors also recently modified their holdings of the stock. AE Wealth Management LLC increased its position in shares of Welltower by 7.8% in the first quarter. AE Wealth Management LLC now owns 2,083 shares of the real estate investment trust's stock worth $319,000 after purchasing an additional 151 shares during the last quarter. Abel Hall LLC bought a new position in shares of Welltower in the first quarter worth approximately $237,000. Wedbush Securities Inc. increased its position in shares of Welltower by 6.9% in the first quarter. Wedbush Securities Inc. now owns 2,444 shares of the real estate investment trust's stock worth $374,000 after purchasing an additional 157 shares during the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of Welltower by 67.2% in the first quarter. WESPAC Advisors SoCal LLC now owns 53,892 shares of the real estate investment trust's stock worth $8,257,000 after purchasing an additional 21,667 shares during the last quarter. Finally, Mount Lucas Management LP bought a new position in Welltower during the first quarter valued at approximately $1,948,000. 94.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on WELL shares. Evercore ISI increased their price target on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their price target 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. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Morgan Stanley increased 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. Finally, Scotiabank reiterated an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.18.

Welltower Trading Up 0.1%

Shares of Welltower stock traded up $0.16 on Friday, hitting $161.56. The stock had a trading volume of 1,556,456 shares, compared to its average volume of 2,297,015. The stock's 50-day simple moving average is $153.35 and its two-hundred day simple moving average is $147.47. Welltower Inc. has a one year low of $108.24 and a one year high of $162.26. The stock has a market cap of $105.65 billion, a price-to-earnings ratio of 92.85, a PEG ratio of 1.88 and a beta of 0.92. 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 announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The firm's revenue was up 30.3% on a year-over-year basis. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is 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.