Choreo LLC Purchases 1,895 Shares of Welltower Inc. (NYSE:WELL)

Choreo LLC increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 13.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,924 shares of the real estate investment trust's stock after purchasing an additional 1,895 shares during the quarter. Choreo LLC's holdings in Welltower were worth $2,440,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Welltower during the 4th quarter worth $3,943,892,000. Northern Trust Corp grew its holdings in shares of Welltower by 53.5% in the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock worth $1,062,495,000 after purchasing an additional 2,939,229 shares during the last quarter. Groupama Asset Managment grew its holdings in shares of Welltower by 23,204.3% in the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after purchasing an additional 1,891,847 shares during the last quarter. GAMMA Investing LLC grew its holdings in Welltower by 17,343.3% during the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock worth $266,287,000 after acquiring an additional 1,728,088 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Welltower by 9.7% during the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after acquiring an additional 1,652,611 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

WELL stock traded up $0.16 during midday trading on Friday, reaching $161.56. 1,556,456 shares of the company were exchanged, compared to its average volume of 2,985,962. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. The business has a 50-day moving average price of $153.35 and a two-hundred day moving average price of $147.47. Welltower Inc. has a one year low of $108.24 and a one year high of $162.26. The firm has a market capitalization of $105.66 billion, a price-to-earnings ratio of 92.85, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last announced its 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. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. Welltower's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 earnings per share. Equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

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 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WELL. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Scotiabank restated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wells Fargo & Company raised their target price on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $168.18.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction on Monday, June 30th. The stock was purchased at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

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.