Zions Bancorporation National Association UT Purchases Shares of 1,539 Welltower Inc. (NYSE:WELL)

Key Points

• Zions Bancorporation National Association UT has acquired a new stake in Welltower Inc. by purchasing 1,539 shares valued at approximately $236,000.
• Welltower recently declared a quarterly dividend of $0.74 per share, indicating an increase from the previous dividend of $0.67, with a dividend yield of 1.8%.
• The company reported $1.28 earnings per share in its last quarter, surpassing analysts' expectations and reflecting a 39.6% year-over-year revenue increase to $2.55 billion.

Zions Bancorporation National Association UT purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,539 shares of the real estate investment trust's stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower during the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower during the 1st quarter worth about $28,000. Hughes Financial Services LLC purchased a new stake in shares of Welltower during the 1st quarter worth about $31,000. Franchise Capital Ltd purchased a new stake in shares of Welltower during the 1st quarter worth about $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Welltower during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Stock Performance

Shares of WELL opened at $168.27 on Monday. The business's 50 day moving average is $156.82 and its two-hundred day moving average is $150.67. Welltower Inc. has a 52-week low of $115.18 and a 52-week high of $171.09. The firm has a market cap of $112.54 billion, a price-to-earnings ratio of 95.07, a PEG ratio of 1.92 and a beta of 0.93. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $1.05 EPS. Welltower's quarterly revenue was up 39.6% on a year-over-year basis. Analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.96 annualized dividend 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 currently 151.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WELL. Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Morgan Stanley upped their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Scotiabank restated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Finally, Wells Fargo & Company upped their price target on Welltower from $158.00 to $175.00 and gave the stock 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, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.82.

Insider Activity

In other news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company's stock.

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.

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