Morse Asset Management Inc Has $846,000 Position in Welltower Inc. (NYSE:WELL)

Morse Asset Management Inc lifted its position in Welltower Inc. (NYSE:WELL - Free Report) by 10,950.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,525 shares of the real estate investment trust's stock after buying an additional 5,475 shares during the period. Morse Asset Management Inc's holdings in Welltower were worth $846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. CBIZ Investment Advisory Services LLC bought a new position in Welltower during the 1st quarter worth $70,000. Kestra Private Wealth Services LLC raised its stake in Welltower by 11.4% in the first quarter. Kestra Private Wealth Services LLC now owns 28,880 shares of the real estate investment trust's stock valued at $4,425,000 after purchasing an additional 2,957 shares in the last quarter. Denali Advisors LLC increased its holdings in Welltower by 2.8% in the 1st quarter. Denali Advisors LLC now owns 14,567 shares of the real estate investment trust's stock valued at $2,232,000 after buying an additional 400 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Welltower by 2.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,712 shares of the real estate investment trust's stock valued at $876,000 after buying an additional 133 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its position in shares of Welltower by 3,042.0% during the 1st quarter. Fortis Group Advisors LLC now owns 1,571 shares of the real estate investment trust's stock worth $241,000 after acquiring an additional 1,521 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WELL shares. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Wells Fargo & Company lifted their price objective on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Wedbush restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, 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 report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

Welltower Price Performance

Welltower stock traded up $0.83 during mid-day trading on Tuesday, reaching $161.15. The company had a trading volume of 802,097 shares, compared to its average volume of 2,889,468. The company has a market capitalization of $105.38 billion, a P/E ratio of 92.59, a P/E/G ratio of 1.85 and a beta of 0.92. Welltower Inc. has a 1 year low of $106.98 and a 1 year high of $161.74. The stock's 50-day simple moving average is $152.07 and its 200-day simple moving average is $146.76. 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 (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping 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 firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the business posted $1.01 EPS. The firm's quarterly revenue was up 30.3% compared to the same quarter last year. On average, equities analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.66%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Insider Activity at Welltower

In related news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by corporate insiders.

Welltower Company 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.