Welltower Inc. (NYSE:WELL) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 165.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,494 shares of the real estate investment trust's stock after purchasing an additional 3,422 shares during the quarter. Ritholtz Wealth Management's holdings in Welltower were worth $842,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Geller Advisors LLC lifted its holdings in Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after acquiring an additional 69 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Welltower by 4.3% during the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 73 shares during the period. CVA Family Office LLC increased its position in shares of Welltower by 12.3% during the 1st quarter. CVA Family Office LLC now owns 733 shares of the real estate investment trust's stock worth $112,000 after purchasing an additional 80 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after buying an additional 81 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Welltower by 27.0% in the 1st quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on WELL. Mizuho increased their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Evercore ISI increased their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Bank of America lifted their target price on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company raised their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.25.

Welltower Stock Up 0.8%

NYSE WELL traded up $1.19 during trading hours on Wednesday, hitting $153.06. 4,256,969 shares of the company were exchanged, compared to its average volume of 2,941,688. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. The firm has a market cap of $100.09 billion, a price-to-earnings ratio of 87.97, a PEG ratio of 1.75 and a beta of 0.94. The company has a 50 day moving average of $149.15 and a two-hundred day moving average of $142.49. Welltower Inc. has a 52-week low of $100.13 and a 52-week high of $158.55.

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, topping analysts' consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The business's revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. Equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. Welltower's dividend payout ratio is currently 154.02%.

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.