Kestra Private Wealth Services LLC Boosts Stake in Welltower Inc. (NYSE:WELL)

Kestra Private Wealth Services LLC raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 11.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,880 shares of the real estate investment trust's stock after purchasing an additional 2,957 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Welltower were worth $4,425,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in Welltower in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower in the 1st quarter valued at $28,000. Hughes Financial Services LLC acquired a new position in shares of Welltower during the 1st quarter valued at $31,000. Franchise Capital Ltd purchased a new stake in Welltower during the 1st quarter worth $32,000. Finally, ZynergyRetirementPlanningLLC acquired a new stake in Welltower in the 1st quarter valued at $33,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Welltower Stock Up 0.8%

Shares of Welltower stock opened at $158.96 on Monday. The business has a 50-day moving average price of $152.07 and a 200 day moving average price of $146.76. Welltower Inc. has a fifty-two week low of $106.98 and a fifty-two week high of $161.24. The firm has a market cap of $103.95 billion, a P/E ratio of 91.36, a P/E/G ratio of 1.85 and a beta of 0.92. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly 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 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 the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $1.01 EPS. The business's quarterly revenue was up 30.3% on a year-over-year basis. On average, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal 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 dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.69%. Welltower's dividend payout ratio (DPR) is 154.02%.

Insider Transactions at Welltower

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 acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.