Souders Financial Advisors Buys New Position in Welltower Inc. (NYSE:WELL)

Souders Financial Advisors purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,097 shares of the real estate investment trust's stock, valued at approximately $321,000.

A number of other institutional investors also recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky raised its stake in Welltower by 2.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 123,863 shares of the real estate investment trust's stock valued at $18,977,000 after buying an additional 2,887 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Welltower by 198.6% in the first quarter. J.W. Cole Advisors Inc. now owns 11,310 shares of the real estate investment trust's stock worth $1,733,000 after acquiring an additional 7,522 shares during the period. Atlantic Union Bankshares Corp lifted its position in Welltower by 2.0% during the first quarter. Atlantic Union Bankshares Corp now owns 8,159 shares of the real estate investment trust's stock valued at $1,250,000 after purchasing an additional 159 shares during the period. Twin Capital Management Inc. purchased a new stake in Welltower in the first quarter worth approximately $1,653,000. Finally, IFP Advisors Inc raised its stake in Welltower by 71.3% during the 1st quarter. IFP Advisors Inc now owns 2,444 shares of the real estate investment trust's stock valued at $374,000 after buying an additional 1,017 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Price Performance

WELL stock traded up $1.27 during mid-day trading on Monday, reaching $160.32. The company's stock had a trading volume of 1,475,015 shares, compared to its average volume of 2,897,583. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The company's 50 day moving average is $152.07 and its two-hundred day moving average is $146.76. The stock has a market cap of $104.84 billion, a PE ratio of 35.42, a P/E/G ratio of 1.85 and a beta of 0.92. Welltower Inc. has a fifty-two week low of $106.98 and a fifty-two week high of $161.24.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm's quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 earnings per share. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is currently 154.02%.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase 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.

Analysts Set New Price Targets

WELL has been the subject of several recent analyst reports. Evercore ISI upped 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. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Wedbush restated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

About Welltower

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.