Welltower Inc. (NYSE:WELL) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in Welltower Inc. (NYSE:WELL) by 91.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508 shares of the real estate investment trust’s stock after buying an additional 243 shares during the period. Venturi Wealth Management LLC’s holdings in Welltower were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WELL. First Foundation Advisors purchased a new stake in Welltower in the 2nd quarter valued at about $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC purchased a new stake in Welltower in the second quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC lifted its stake in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 1.2 %

Shares of Welltower stock opened at $136.02 on Friday. The company has a fifty day simple moving average of $129.98 and a 200-day simple moving average of $115.10. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $84.70 billion, a price-to-earnings ratio of 89.49, a PEG ratio of 3.03 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was up 23.7% on a year-over-year basis. On average, equities analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Wedbush upped their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.68.

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.