Summit Trail Advisors LLC Has $1.04 Million Position in Welltower Inc. (NYSE:WELL)

Summit Trail Advisors LLC lifted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 61.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,756 shares of the real estate investment trust's stock after acquiring an additional 2,571 shares during the period. Summit Trail Advisors LLC's holdings in Welltower were worth $1,035,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Welltower by 4.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 218,590 shares of the real estate investment trust's stock valued at $33,490,000 after acquiring an additional 10,082 shares in the last quarter. Vontobel Holding Ltd. increased its position in Welltower by 68.3% in the 1st quarter. Vontobel Holding Ltd. now owns 24,605 shares of the real estate investment trust's stock worth $3,770,000 after buying an additional 9,987 shares during the period. Mather Group LLC. increased its position in Welltower by 11.8% in the 1st quarter. Mather Group LLC. now owns 2,296 shares of the real estate investment trust's stock worth $352,000 after buying an additional 243 shares during the period. Alta Advisers Ltd increased its position in Welltower by 46.6% in the 1st quarter. Alta Advisers Ltd now owns 2,833 shares of the real estate investment trust's stock worth $434,000 after buying an additional 900 shares during the period. Finally, Smallwood Wealth Investment Management LLC bought a new position in Welltower in the 1st quarter worth approximately $28,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

Shares of WELL traded up $2.06 on Friday, reaching $152.77. 1,513,926 shares of the stock traded hands, compared to its average volume of 2,920,275. The firm has a market cap of $99.90 billion, a price-to-earnings ratio of 87.80, a P/E/G ratio of 1.78 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. Welltower Inc. has a 12 month low of $102.92 and a 12 month high of $158.55. The stock's 50-day moving average price is $151.06 and its 200-day moving average price is $144.53.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The business 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%. Welltower's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. Equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio is 154.02%.

Wall Street Analyst Weigh In

Several brokerages have commented on WELL. Evercore ISI lifted their price target on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Morgan Stanley lifted their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, Mizuho lifted their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $168.18.

Insider Buying and Selling

In related news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares in the company, valued at $3,029,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.