Simplicity Wealth LLC Acquires New Holdings in Welltower Inc. (NYSE:WELL)

Simplicity Wealth LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,042 shares of the real estate investment trust's stock, valued at approximately $1,125,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in Welltower in the 4th quarter worth approximately $25,000. Headlands Technologies LLC increased its holdings in shares of Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 259 shares during the period. Rise Advisors LLC bought a new stake in shares of Welltower during the first quarter valued at about $27,000. Scarborough Advisors LLC bought a new stake in shares of Welltower during the fourth quarter valued at about $35,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Welltower in the third quarter worth about $38,000. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

WELL has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research report on Tuesday, January 30th. They issued a "buy" rating and a $115.00 target price for the company. BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They set an "outperform" rating and a $104.00 price target on the stock. Mizuho upped their price objective on Welltower from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Finally, Scotiabank lifted their target price on Welltower from $96.00 to $108.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.93.

Welltower Trading Up 0.3 %

Shares of Welltower stock traded up $0.26 during trading on Tuesday, hitting $101.10. The stock had a trading volume of 1,472,517 shares, compared to its average volume of 2,500,667. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $60.45 billion, a PE ratio of 124.81, a P/E/G ratio of 2.66 and a beta of 1.07. Welltower Inc. has a 1 year low of $72.47 and a 1 year high of $102.15. The stock has a 50 day simple moving average of $93.83 and a 200 day simple moving average of $91.02.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, research analysts expect that Welltower Inc. will post 4.11 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, May 10th. Welltower's dividend payout ratio is currently 301.23%.

Welltower Company Profile

Welltower Inc NYSE: WELL, a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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