Park Square Financial Group LLC Has $310,000 Position in Welltower Inc. (NYSE:WELL)

Park Square Financial Group LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1,964.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,023 shares of the real estate investment trust's stock after buying an additional 1,925 shares during the period. Park Square Financial Group LLC's holdings in Welltower were worth $310,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after acquiring an additional 2,612,044 shares in the last quarter. Capital International Investors lifted its position in shares of Welltower by 0.9% in the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after acquiring an additional 318,496 shares in the last quarter. Norges Bank purchased a new stake in shares of Welltower in the 4th quarter valued at approximately $3,943,892,000. Bank of America Corp DE lifted its position in shares of Welltower by 9.7% in the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after acquiring an additional 1,652,611 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after acquiring an additional 1,354,231 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

NYSE:WELL traded up $2.38 during midday trading on Friday, reaching $155.10. The stock had a trading volume of 2,419,527 shares, compared to its average volume of 2,906,827. Welltower Inc. has a 1-year low of $103.36 and a 1-year high of $158.55. The firm's fifty day simple moving average is $151.21 and its 200-day simple moving average is $145.17. 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 stock has a market capitalization of $101.43 billion, a P/E ratio of 89.14, a PEG ratio of 1.78 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results 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 analyst estimates of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. Welltower's revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business posted $1.01 EPS. On average, equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.73%. Welltower's dividend payout ratio is 154.02%.

Insider Transactions at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction on Monday, June 30th. The shares were bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Evercore ISI upped their price target 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 restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Wells Fargo & Company upped 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. Finally, Scotiabank reiterated an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Two investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.