Moran Wealth Management LLC Takes $376,000 Position in Welltower Inc. (NYSE:WELL)

Moran Wealth Management LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,454 shares of the real estate investment trust's stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Welltower during the 1st quarter valued at approximately $28,000. Franchise Capital Ltd bought a new position in Welltower in the 1st quarter worth approximately $32,000. Capital Advisors Ltd. LLC boosted its holdings in Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after buying an additional 107 shares during the period. First Command Advisory Services Inc. bought a new position in Welltower in the 4th quarter worth approximately $50,000. Finally, Cape Investment Advisory Inc. bought a new position in Welltower in the 4th quarter worth approximately $53,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 0.8%

Shares of NYSE:WELL opened at $152.20 on Friday. The firm has a fifty day moving average price of $150.50 and a two-hundred day moving average price of $143.59. 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 Inc. has a one year low of $102.92 and a one year high of $158.55. The company has a market cap of $99.53 billion, a price-to-earnings ratio of 87.47, a PEG ratio of 1.79 and a beta of 0.94.

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

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 154.02%.

Wall Street Analyst Weigh In

WELL has been the subject of several analyst reports. Morgan Stanley raised their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Royal Bank Of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Wells Fargo & Company raised their price objective on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a report on Monday. Finally, Mizuho raised their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $163.75.

Welltower Profile

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.

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