MQS Management LLC Buys New Stake in Welltower Inc. (NYSE:WELL)

MQS Management LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,824 shares of the real estate investment trust's stock, valued at approximately $586,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 279 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Welltower by 148.3% in the 4th quarter. Proficio Capital Partners LLC now owns 4,047 shares of the real estate investment trust's stock valued at $510,000 after buying an additional 2,417 shares in the last quarter. Independent Advisor Alliance grew its stake in Welltower by 16.0% in the 4th quarter. Independent Advisor Alliance now owns 12,813 shares of the real estate investment trust's stock valued at $1,615,000 after buying an additional 1,764 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Welltower by 16.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 9,131 shares of the real estate investment trust's stock valued at $1,151,000 after buying an additional 1,307 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Welltower by 72.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,753 shares of the real estate investment trust's stock valued at $473,000 after purchasing an additional 1,583 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Activity at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

WELL has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. 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 report on Monday, June 2nd. Mizuho lifted 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. Evercore ISI lifted their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.18.

Welltower Stock Performance

WELL traded up $2.38 during trading on Friday, hitting $155.10. The company's stock had a trading volume of 2,419,527 shares, compared to its average volume of 2,903,821. 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 Inc. has a one year low of $104.10 and a one year high of $158.55. The firm has a market cap of $101.43 billion, a PE ratio of 89.14, a P/E/G ratio of 1.80 and a beta of 0.92. The business's 50 day simple moving average is $151.30 and its 200-day simple moving average is $145.50.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS 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 the consensus estimate of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company's revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm earned $1.01 EPS. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.73%. Welltower's payout ratio is currently 154.02%.

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.