Machina Capital S.A.S. Increases Stock Holdings in Welltower Inc. (NYSE:WELL)

Machina Capital S.A.S. increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 72.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,242 shares of the real estate investment trust's stock after acquiring an additional 5,153 shares during the quarter. Machina Capital S.A.S.'s holdings in Welltower were worth $1,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Dorsey Wright & Associates purchased a new position in shares of Welltower during the first quarter valued at approximately $1,602,000. AE Wealth Management LLC raised its position in Welltower by 7.8% in the 1st quarter. AE Wealth Management LLC now owns 2,083 shares of the real estate investment trust's stock valued at $319,000 after buying an additional 151 shares during the last quarter. Abel Hall LLC bought a new position in Welltower during the 1st quarter valued at $237,000. Wedbush Securities Inc. boosted its holdings in Welltower by 6.9% during the 1st quarter. Wedbush Securities Inc. now owns 2,444 shares of the real estate investment trust's stock worth $374,000 after acquiring an additional 157 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC grew its stake in shares of Welltower by 67.2% in the 1st quarter. WESPAC Advisors SoCal LLC now owns 53,892 shares of the real estate investment trust's stock worth $8,257,000 after acquiring an additional 21,667 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction that occurred on Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company's stock.

Welltower Stock Performance

Shares of WELL traded up $0.16 during mid-day trading on Friday, hitting $161.56. The stock had a trading volume of 1,556,456 shares, compared to its average volume of 2,297,015. Welltower Inc. has a 52 week low of $108.24 and a 52 week high of $162.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. The business has a fifty day moving average price of $153.35 and a 200-day moving average price of $147.47. The firm has a market cap of $105.65 billion, a P/E ratio of 92.85, a PEG ratio of 1.88 and a beta of 0.92.

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. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. On average, equities research analysts expect 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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is currently 154.02%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Evercore ISI boosted their target price on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Finally, Morgan Stanley lifted their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Two investment 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 company's stock. Based on data from MarketBeat.com, Welltower presently 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.