Wealth Enhancement Advisory Services LLC Increases Stock Position in Welltower Inc. (NYSE:WELL)

Wealth Enhancement Advisory Services LLC boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,503 shares of the real estate investment trust's stock after purchasing an additional 10,423 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Welltower were worth $20,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of WELL. Brighton Jones LLC increased 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 during the period. Principal Securities Inc. boosted its holdings in Welltower by 7.2% in the fourth quarter. Principal Securities Inc. now owns 4,750 shares of the real estate investment trust's stock valued at $599,000 after acquiring an additional 321 shares in the last quarter. Truist Financial Corp boosted its holdings in Welltower by 6.9% in the fourth quarter. Truist Financial Corp now owns 35,441 shares of the real estate investment trust's stock valued at $4,467,000 after acquiring an additional 2,274 shares in the last quarter. Ieq Capital LLC boosted its holdings in Welltower by 3.6% in the fourth quarter. Ieq Capital LLC now owns 23,389 shares of the real estate investment trust's stock valued at $2,948,000 after acquiring an additional 804 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in Welltower by 22.5% in the fourth quarter. Wolverine Asset Management LLC now owns 8,788 shares of the real estate investment trust's stock valued at $1,108,000 after acquiring an additional 1,612 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of Welltower stock opened at $151.70 on Friday. Welltower Inc. has a 52 week low of $100.13 and a 52 week high of $158.55. The business's fifty day simple moving average is $149.79 and its 200-day simple moving average is $142.89. The firm has a market cap of $99.20 billion, a PE ratio of 87.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. The company has a quick ratio of 4.23, a current 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 analysts' consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company earned $1.01 EPS. Welltower's revenue for the quarter was up 30.3% compared to the same quarter last year. Equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced 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 1.77%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WELL. Royal Bank Of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a report on Friday, February 28th. Evercore ISI boosted their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Morgan Stanley boosted 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, Wells Fargo & Company boosted their target price on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and an average price target of $163.25.

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.

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