Harvest Fund Management Co. Ltd Raises Stock Position in Welltower Inc. (NYSE:WELL)

Harvest Fund Management Co. Ltd lifted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 341.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,003 shares of the real estate investment trust's stock after purchasing an additional 8,508 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Welltower were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in Welltower in the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC bought a new position in Welltower during the first quarter valued at approximately $28,000. Hughes Financial Services LLC purchased a new stake in Welltower during the 1st quarter valued at $31,000. Franchise Capital Ltd bought a new stake in shares of Welltower in the first quarter worth $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Welltower during the first quarter valued at $32,000. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Evercore ISI upped their price target on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and an average price target of $169.82.

Insider Activity

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were bought at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.21% of the company's stock.

Welltower Trading Up 0.8%

Shares of NYSE:WELL traded up $1.25 during trading on Friday, hitting $166.32. The company had a trading volume of 2,413,619 shares, compared to its average volume of 2,988,249. The stock has a market cap of $108.77 billion, a price-to-earnings ratio of 93.97, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.23. The company has a fifty day simple moving average of $154.79 and a two-hundred day simple moving average of $148.77. Welltower Inc. has a one year low of $110.74 and a one year high of $168.84.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Welltower's quarterly revenue was up 39.6% compared to the same quarter last year. As a group, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is 167.23%.

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.