Harbour Investments Inc. Acquires 156 Shares of Welltower Inc. (NYSE:WELL)

Harbour Investments Inc. boosted its stake in Welltower Inc. (NYSE:WELL) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,215 shares of the real estate investment trust’s stock after acquiring an additional 156 shares during the period. Harbour Investments Inc.’s holdings in Welltower were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WELL. Empowered Funds LLC boosted its stake in shares of Welltower by 34.8% during the 1st quarter. Empowered Funds LLC now owns 7,365 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 1,901 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Welltower by 20.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 3,251 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 562 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Welltower by 4.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 2,871 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 124 shares during the period. Intech Investment Management LLC lifted its stake in shares of Welltower by 147.9% in the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock valued at $2,083,000 after purchasing an additional 13,300 shares during the period. Finally, Cornerstone Advisors LLC bought a new stake in shares of Welltower during the first quarter valued at approximately $131,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on WELL. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wedbush boosted their price objective 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. Deutsche Bank Aktiengesellschaft raised 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. Royal Bank of Canada upped their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, Wolfe Research upgraded Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average price target of $116.68.

Welltower Trading Up 1.2 %

Welltower stock opened at $136.02 on Friday. Welltower Inc. has a one year low of $85.40 and a one year high of $140.19. The business’s fifty day moving average is $129.98 and its 200 day moving average is $115.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The stock has a market capitalization of $84.70 billion, a PE ratio of 89.49, a price-to-earnings-growth ratio of 3.03 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 (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 company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business earned $0.92 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. On average, sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

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

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.