Florida Financial Advisors LLC Acquires New Position in Welltower Inc. (NYSE:WELL)

Florida Financial Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,224 shares of the real estate investment trust's stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in shares of Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Welltower during the first quarter worth about $28,000. Hughes Financial Services LLC bought a new position in Welltower in the first quarter worth about $31,000. Franchise Capital Ltd bought a new position in Welltower in the first quarter worth about $32,000. Finally, ZynergyRetirementPlanningLLC bought a new position in Welltower in the first quarter worth about $33,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Activity

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were acquired 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 in the company, valued at $3,029,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI lifted their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Wells Fargo & Company lifted their price target on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $168.18.

Welltower Trading Up 0.1%

NYSE WELL traded up $0.11 on Thursday, hitting $157.66. 1,484,125 shares of the stock were exchanged, compared to its average volume of 2,897,233. The company's 50-day moving average price is $151.69 and its two-hundred day moving average price is $146.02. The company has a market capitalization of $103.10 billion, a price-to-earnings ratio of 90.61, a P/E/G ratio of 1.82 and a beta of 0.92. Welltower Inc. has a 52-week low of $105.54 and a 52-week high of $158.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23.

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, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. Welltower's quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. Research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend yield of 1.70%. 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.