Welltower Inc. (NYSE:WELL) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,966 shares of the real estate investment trust’s stock after purchasing an additional 200 shares during the period. Kingsview Wealth Management LLC’s holdings in Welltower were worth $636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WELL. Burke & Herbert Bank & Trust Co. acquired a new position in Welltower during the 2nd quarter valued at about $674,000. Manning & Napier Advisors LLC purchased a new position in shares of Welltower in the 2nd quarter valued at approximately $14,766,000. Van Hulzen Asset Management LLC acquired a new stake in Welltower in the 2nd quarter worth approximately $411,000. Atria Investments Inc grew its position in Welltower by 19.4% during the 1st quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock worth $2,558,000 after purchasing an additional 4,444 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Welltower by 10.1% during the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after purchasing an additional 129,270 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.2 %

WELL stock opened at $139.30 on Thursday. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm’s fifty day moving average is $131.70 and its 200 day moving average is $117.80. The firm has a market cap of $86.74 billion, a PE ratio of 91.64, a P/E/G ratio of 3.04 and a beta of 1.20.

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

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

Several equities research analysts have recently commented on WELL shares. Royal Bank of Canada lifted 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. Scotiabank increased their price objective on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wedbush lifted their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Five investment 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

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.