SMART Wealth LLC Makes New $411,000 Investment in Welltower Inc. (NYSE:WELL)

SMART Wealth LLC purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,682 shares of the real estate investment trust's stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC raised 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 purchasing an additional 279 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Welltower by 100.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,039 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 521 shares during the last quarter. Modera Wealth Management LLC lifted its stake in shares of Welltower by 28.7% in the fourth quarter. Modera Wealth Management LLC now owns 2,245 shares of the real estate investment trust's stock worth $283,000 after buying an additional 500 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Welltower in the fourth quarter worth about $275,000. Finally, Assetmark Inc. boosted its position in Welltower by 95.8% during the fourth quarter. Assetmark Inc. now owns 11,168 shares of the real estate investment trust's stock worth $1,408,000 after acquiring an additional 5,465 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insiders Place Their Bets

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the business's 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 purchase, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on WELL. Evercore ISI increased their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Wells Fargo & Company boosted 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and an average price target of $168.18.

Welltower Trading Up 1.4%

Shares of WELL traded up $2.06 during trading on Friday, reaching $152.77. 1,513,926 shares of the company traded hands, compared to its average volume of 2,915,102. The stock has a 50-day simple moving average of $150.95 and a 200-day simple moving average of $144.24. The stock has a market cap of $99.90 billion, a PE ratio of 87.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. Welltower Inc. has a twelve month low of $102.92 and a twelve month high of $158.55. 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 announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) 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 business 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 business's quarterly revenue was up 30.3% compared to the same quarter last year. On average, analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio is presently 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.