HB Wealth Management LLC Raises Stock Position in Welltower Inc. (NYSE:WELL)

Key Points

• HB Wealth Management LLC increased its holdings in Welltower Inc. by 33.7% during the first quarter, totaling $1.88 million for 12,291 shares.
• Welltower recently announced a quarterly dividend of $0.74 per share, up from the previous $0.67, resulting in an annual dividend yield of 1.87%.
• Multiple analysts have raised the price target for Welltower, with estimates ranging up to $175.00, indicating a consensus rating of "Moderate Buy."

HB Wealth Management LLC lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 33.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,291 shares of the real estate investment trust's stock after buying an additional 3,100 shares during the period. HB Wealth Management LLC's holdings in Welltower were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Capital International Investors raised its stake in Welltower by 0.9% during the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after purchasing an additional 318,496 shares during the period. Bank of America Corp DE raised its stake in shares of Welltower by 9.7% in the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after acquiring an additional 1,652,611 shares during the period. FMR LLC raised its stake in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after acquiring an additional 1,354,231 shares during the period. Geode Capital Management LLC raised its stake in shares of Welltower by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 13,558,841 shares of the real estate investment trust's stock valued at $1,707,570,000 after acquiring an additional 644,494 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Welltower by 53.5% in the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock valued at $1,062,495,000 after acquiring an additional 2,939,229 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WELL. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Morgan Stanley boosted their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Scotiabank reissued an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Two equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $169.82.

Welltower Stock Up 0.7%

Shares of WELL stock traded up $1.14 during trading on Friday, reaching $166.21. The company's stock had a trading volume of 1,022,662 shares, compared to its average volume of 2,978,356. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.23. The company has a market capitalization of $108.69 billion, a price-to-earnings ratio of 93.94, a P/E/G ratio of 1.91 and a beta of 0.92. The stock's 50-day moving average price is $154.79 and its 200 day moving average price is $148.77. Welltower Inc. has a 1-year low of $110.74 and a 1-year high of $168.84.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm's revenue was up 39.6% on a year-over-year basis. On average, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.8%. Welltower's dividend payout ratio (DPR) is presently 167.23%.

Insider Buying and Selling

In other news, Director Andrew Gundlach purchased 20,000 shares of the stock in a transaction on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

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.