Sigma Planning Corp Grows Position in Welltower Inc. (NYSE:WELL)

Sigma Planning Corp boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 43.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,991 shares of the real estate investment trust's stock after buying an additional 2,715 shares during the quarter. Sigma Planning Corp's holdings in Welltower were worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WELL. Geller Advisors LLC increased its position in shares of Welltower by 3.7% during the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after purchasing an additional 69 shares during the last quarter. Good Life Advisors LLC increased its position in shares of Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after purchasing an additional 69 shares during the last quarter. Sivia Capital Partners LLC increased its position 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 valued at $273,000 after purchasing an additional 73 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in shares of Welltower by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock valued at $678,000 after purchasing an additional 77 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Welltower by 4.3% during the 1st quarter. Catalyst Financial Partners LLC now owns 1,854 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 77 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on WELL. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Wells Fargo & Company increased their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Morgan Stanley increased their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI increased their price target on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $168.18.

Welltower Stock Performance

NYSE:WELL opened at $157.53 on Thursday. The business's 50-day moving average price is $151.69 and its two-hundred day moving average price is $146.02. Welltower Inc. has a twelve month low of $105.54 and a twelve month high of $158.55. The stock has a market cap of $103.02 billion, a P/E ratio of 90.54, a PEG ratio of 1.82 and a beta of 0.92. 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 (NYSE:WELL - Get Free Report) last released its quarterly earnings results 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. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the firm posted $1.01 EPS. The company's revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. 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 1.70%. Welltower's dividend payout ratio is 154.02%.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach acquired 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the acquisition, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company's stock.

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.

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