Great Valley Advisor Group Inc. Has $562,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Great Valley Advisor Group Inc. grew its holdings in Welltower Inc. (NYSE:WELL) by 22.3% in the third quarter, HoldingsChannel reports. The fund owned 4,386 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. Great Valley Advisor Group Inc.’s holdings in Welltower were worth $562,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on WELL shares. Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Scotiabank boosted their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday. Wedbush raised their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

Welltower Price Performance

Shares of WELL opened at $138.96 on Wednesday. The business has a 50-day simple moving average of $131.47 and a two-hundred day simple moving average of $117.65. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The stock has a market cap of $86.53 billion, a PE ratio of 91.42, a PEG ratio of 3.09 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

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

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.93%. Welltower’s dividend payout ratio is 176.32%.

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.