Oppenheimer Asset Management Inc. Buys 3,212 Shares of Welltower Inc. (NYSE:WELL)

Oppenheimer Asset Management Inc. grew its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,914 shares of the real estate investment trust's stock after purchasing an additional 3,212 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Welltower were worth $5,656,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in Welltower during the first quarter worth about $28,000. Franchise Capital Ltd acquired a new stake in Welltower during the first quarter worth about $32,000. Capital Advisors Ltd. LLC grew its position in Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after buying an additional 107 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in Welltower during the fourth quarter worth about $50,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Welltower during the fourth quarter worth about $53,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of NYSE:WELL traded down $1.28 during trading on Friday, reaching $152.20. The stock had a trading volume of 3,373,596 shares, compared to its average volume of 2,903,468. Welltower Inc. has a 52 week low of $102.92 and a 52 week high of $158.55. The business's 50-day moving average price is $150.50 and its 200 day moving average price is $143.70. 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 stock has a market capitalization of $99.53 billion, a PE ratio of 87.47, a P/E/G ratio of 1.77 and a beta of 0.94.

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

Welltower Dividend Announcement

The business also recently disclosed 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 yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Analyst Ratings Changes

WELL has been the topic of a number of recent research reports. Mizuho lifted their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Scotiabank reissued an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Morgan Stanley lifted their target price on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI raised their price target on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $163.75.

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.