Highview Capital Management LLC DE Acquires Shares of 7,629 Welltower Inc. (NYSE:WELL)

Highview Capital Management LLC DE purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,629 shares of the real estate investment trust's stock, valued at approximately $1,169,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after buying an additional 2,612,044 shares during the last quarter. Capital International Investors grew its stake in Welltower by 0.9% in the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after buying an additional 318,496 shares during the last quarter. Norges Bank acquired a new position in Welltower in the 4th quarter valued at about $3,943,892,000. Bank of America Corp DE grew its stake in 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 buying an additional 1,652,611 shares during the last quarter. Finally, FMR LLC grew its position in shares of Welltower by 9.4% during the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock worth $1,989,106,000 after purchasing an additional 1,354,231 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Price Performance

Welltower stock traded up $1.12 during midday trading on Wednesday, reaching $152.88. 349,799 shares of the stock were exchanged, compared to its average volume of 2,905,880. The company's fifty day moving average is $151.17 and its 200-day moving average is $144.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The firm has a market cap of $99.98 billion, a PE ratio of 87.94, a PEG ratio of 1.79 and a beta of 0.92. Welltower Inc. has a 52 week low of $102.92 and a 52 week high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm's revenue was up 30.3% on a year-over-year basis. On average, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. Welltower's payout ratio is 154.02%.

Insider Activity

In related news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were purchased at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Wedbush restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Evercore ISI increased their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Mizuho increased their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley increased their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, Welltower has an average rating of "Moderate Buy" and an average price target of $168.18.

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.