SMART Wealth LLC Takes $411,000 Position in Welltower Inc. (NYSE:WELL)

SMART Wealth LLC acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,682 shares of the real estate investment trust's stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in shares of Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in Welltower during the 1st quarter valued at about $28,000. Franchise Capital Ltd bought a new position in Welltower in the 1st quarter worth about $32,000. ZynergyRetirementPlanningLLC acquired a new stake in shares of Welltower in the first quarter valued at approximately $33,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.21% of the company's stock.

Welltower Price Performance

Shares of NYSE WELL traded up $1.34 during midday trading on Monday, reaching $154.11. The company's stock had a trading volume of 2,764,253 shares, compared to its average volume of 2,921,147. Welltower Inc. has a one year low of $102.92 and a one year high of $158.55. The company has a market cap of $100.78 billion, a price-to-earnings ratio of 88.57, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The company has a 50 day moving average price of $151.06 and a 200 day moving average price of $144.68. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm's revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders 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 annualized dividend and a yield of 1.74%. Welltower's payout ratio is presently 154.02%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Evercore ISI lifted their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Mizuho increased their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $168.18.

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.