Welltower Inc. (NYSE:WELL) Shares Bought by Fortitude Family Office LLC

Fortitude Family Office LLC grew its stake in shares of Welltower Inc. (NYSE:WELL) by 37.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 289 shares of the real estate investment trust’s stock after acquiring an additional 78 shares during the period. Fortitude Family Office LLC’s holdings in Welltower were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WELL. First Foundation Advisors acquired a new stake in shares of Welltower during the 2nd quarter valued at $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the 2nd quarter valued at $30,000. Manchester Capital Management LLC lifted its position in shares of Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Finally, Centerpoint Advisors LLC acquired a new stake in shares of Welltower during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 0.8 %

NYSE WELL opened at $138.48 on Thursday. Welltower Inc. has a 1-year low of $82.54 and a 1-year high of $139.80. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $82.80 billion, a PE ratio of 170.96, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21. The firm’s fifty day simple moving average is $126.79 and its 200-day simple moving average is $111.90.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s payout ratio is 330.86%.

Analyst Ratings Changes

WELL has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Royal Bank of Canada boosted their target price 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.38.

About Welltower

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.