Drake & Associates LLC Grows Position in Welltower Inc. (NYSE:WELL)

Drake & Associates LLC increased its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 24.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,216 shares of the real estate investment trust's stock after buying an additional 2,633 shares during the quarter. Welltower comprises 0.6% of Drake & Associates LLC's holdings, making the stock its 22nd largest position. Drake & Associates LLC's holdings in Welltower were worth $2,025,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower during the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new position in Welltower during the first quarter worth $28,000. Franchise Capital Ltd acquired a new stake in shares of Welltower in the first quarter valued at $32,000. ZynergyRetirementPlanningLLC acquired a new stake in shares of Welltower in the first quarter valued at $33,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

WELL has been the subject of several research reports. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Scotiabank restated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Evercore ISI upped their target price 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. Mizuho raised their price target on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company upped their price objective on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Welltower has an average rating of "Moderate Buy" and a consensus target price of $168.18.

Insider Buying and Selling at Welltower

In related 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 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 of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Welltower Stock Up 0.5%

Shares of WELL stock traded up $0.73 on Monday, reaching $153.50. 786,473 shares of the stock were exchanged, compared to its average volume of 2,911,863. The company has a market capitalization of $100.38 billion, a price-to-earnings ratio of 88.23, a PEG ratio of 1.78 and a beta of 0.92. The business's 50 day moving average price is $151.06 and its 200 day moving average price is $144.68. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. Welltower Inc. has a twelve month low of $102.92 and a twelve month high of $158.55.

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

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. Welltower's dividend 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.