Dakota Wealth Management Has $1.20 Million Stock Position in Welltower Inc. (NYSE:WELL)

Dakota Wealth Management lifted its holdings in Welltower Inc. (NYSE:WELL) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,336 shares of the real estate investment trust’s stock after purchasing an additional 1,381 shares during the period. Dakota Wealth Management’s holdings in Welltower were worth $1,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Foundation Advisors acquired a new stake in shares of Welltower in the second quarter worth about $26,000. TruNorth Capital Management LLC bought a new position in shares of Welltower in the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the 2nd quarter worth approximately $30,000. Manchester Capital Management LLC boosted its position in Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the period. Finally, Centerpoint Advisors LLC acquired a new position in Welltower during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

WELL opened at $130.20 on Friday. The stock has a market cap of $79.31 billion, a PE ratio of 126.41, a P/E/G ratio of 2.91 and a beta of 1.21. Welltower Inc. has a 1 year low of $80.80 and a 1 year high of $132.66. The stock’s 50 day simple moving average is $125.63 and its 200-day simple moving average is $110.81. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Sell-side analysts forecast that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a $0.67 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio is currently 260.20%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Scotiabank lifted their price objective on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.