Summit Global Investments Buys 3,184 Shares of Welltower Inc. (NYSE:WELL)

Summit Global Investments increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 46.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,109 shares of the real estate investment trust's stock after purchasing an additional 3,184 shares during the period. Summit Global Investments' holdings in Welltower were worth $1,549,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after buying an additional 279 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Welltower in the fourth quarter worth approximately $512,000. Nilsine Partners LLC lifted its stake in shares of Welltower by 6.9% in the fourth quarter. Nilsine Partners LLC now owns 3,103 shares of the real estate investment trust's stock worth $391,000 after buying an additional 201 shares in the last quarter. Perigon Wealth Management LLC lifted its position in Welltower by 48.6% in the 4th quarter. Perigon Wealth Management LLC now owns 3,549 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 1,160 shares in the last quarter. Finally, BSW Wealth Partners lifted its position in Welltower by 18.9% in the 4th quarter. BSW Wealth Partners now owns 2,893 shares of the real estate investment trust's stock valued at $365,000 after acquiring an additional 460 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WELL shares. Scotiabank upped their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Morgan Stanley upped their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Royal Bank of Canada raised 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 report on Friday, February 28th. Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.83.

Welltower Stock Performance

WELL stock traded up $1.29 during trading on Friday, reaching $154.36. The stock had a trading volume of 7,389,934 shares, compared to its average volume of 2,918,845. Welltower Inc. has a 52 week low of $100.13 and a 52 week high of $158.55. The stock's 50 day moving average is $147.90 and its two-hundred day moving average is $141.24. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $100.94 billion, a PE ratio of 98.95, a PEG ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share 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 firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The business's quarterly revenue was up 30.3% on a year-over-year basis. As a group, equities analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a $0.67 dividend. The ex-dividend date 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%.

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.