Fifth Third Wealth Advisors LLC Raises Stock Position in Welltower Inc. (NYSE:WELL)

Fifth Third Wealth Advisors LLC boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 176.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,189 shares of the real estate investment trust's stock after buying an additional 9,049 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Welltower were worth $2,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WELL. Brighton Jones LLC lifted its holdings in Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 279 shares during the period. Perigon Wealth Management LLC boosted its position in shares of Welltower by 48.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,549 shares of the real estate investment trust's stock worth $457,000 after purchasing an additional 1,160 shares in the last quarter. Caprock Group LLC boosted its position in shares of Welltower by 9.9% during the 4th quarter. Caprock Group LLC now owns 9,372 shares of the real estate investment trust's stock worth $1,181,000 after purchasing an additional 843 shares in the last quarter. Custom Index Systems LLC bought a new position in shares of Welltower during the 4th quarter worth about $209,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Welltower by 10.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,394 shares of the real estate investment trust's stock worth $2,444,000 after purchasing an additional 1,758 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Up 0.6%

NYSE:WELL traded up $0.88 on Thursday, hitting $152.93. The stock had a trading volume of 2,557,333 shares, compared to its average volume of 2,916,618. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $100.01 billion, a P/E ratio of 98.03, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 1 year low of $100.13 and a 1 year high of $158.55. The firm's fifty day simple moving average is $148.03 and its two-hundred day simple moving average is $141.72.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm earned $1.01 EPS. The company's revenue was up 30.3% compared to the same quarter last year. Analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Bank of America increased their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.25.

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.