SOA Wealth Advisors LLC. Takes Position in Welltower Inc. (NYSE:WELL)

SOA Wealth Advisors LLC. acquired a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,393 shares of the real estate investment trust's stock, valued at approximately $1,439,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. grew its position in shares of Welltower by 120.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after acquiring an additional 7,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Welltower by 30.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock valued at $68,666,000 after buying an additional 128,090 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Welltower by 17.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock valued at $244,114,000 after purchasing an additional 285,015 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Welltower during the 4th quarter valued at $367,000. Finally, Groupama Asset Managment grew its holdings in shares of Welltower by 23,204.3% during the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock valued at $2,183,000 after purchasing an additional 1,891,847 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of NYSE WELL opened at $154.44 on Friday. The firm has a market capitalization of $101.00 billion, a P/E ratio of 99.00, a PEG ratio of 2.87 and a beta of 0.94. Welltower Inc. has a one year low of $100.13 and a one year high of $158.55. The company's fifty day moving average is $148.04 and its two-hundred day moving average is $141.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

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 (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the company earned $1.01 EPS. The firm's revenue for the quarter was up 30.3% compared to the same quarter last year. Analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 154.02%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Wedbush reiterated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Scotiabank upped their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.25.

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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