Welltower Inc. (NYSE:WELL) Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. boosted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 209.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,108 shares of the real estate investment trust's stock after purchasing an additional 25,108 shares during the period. Welltower comprises about 1.1% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 28th biggest position. Triasima Portfolio Management inc.'s holdings in Welltower were worth $5,685,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. lifted its position in shares of Welltower by 60.9% in the first quarter. Cullen Frost Bankers Inc. now owns 399 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 151 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Welltower by 2.0% in the first quarter. Victory Capital Management Inc. now owns 353,778 shares of the real estate investment trust's stock valued at $54,202,000 after acquiring an additional 6,792 shares in the last quarter. Bridgewater Advisors Inc. purchased a new position in shares of Welltower in the first quarter valued at about $211,000. Larson Financial Group LLC lifted its position in shares of Welltower by 133.5% in the first quarter. Larson Financial Group LLC now owns 1,485 shares of the real estate investment trust's stock valued at $228,000 after acquiring an additional 849 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in shares of Welltower by 14.2% in the first quarter. Sage Mountain Advisors LLC now owns 4,437 shares of the real estate investment trust's stock valued at $680,000 after acquiring an additional 551 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WELL shares. Wells Fargo & Company lifted their target price on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Evercore ISI boosted their price objective on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Scotiabank reissued an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and an average target price of $168.18.

Welltower Stock Performance

Shares of NYSE WELL traded up $1.34 during mid-day trading on Friday, hitting $158.97. The stock had a trading volume of 530,047 shares, compared to its average volume of 2,890,890. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The company has a 50 day moving average of $151.87 and a two-hundred day moving average of $146.24. Welltower Inc. has a twelve month low of $105.59 and a twelve month high of $159.56. The firm has a market cap of $103.96 billion, a PE ratio of 91.36, a PEG ratio of 1.83 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last released its 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. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm earned $1.01 EPS. The firm's revenue was up 30.3% on a year-over-year basis. Research analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

Insider Activity

In related news, Director Andrew Gundlach purchased 20,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

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.