Moran Wealth Management LLC Buys 1,305 Shares of Welltower Inc. (NYSE:WELL)

Moran Wealth Management LLC lifted its stake in Welltower Inc. (NYSE:WELLFree Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,363 shares of the real estate investment trust’s stock after purchasing an additional 1,305 shares during the quarter. Moran Wealth Management LLC’s holdings in Welltower were worth $3,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Cresset Asset Management LLC raised its holdings in shares of Welltower by 2.5% during the first quarter. Cresset Asset Management LLC now owns 5,044 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 125 shares during the last quarter. Dai Ichi Life Insurance Company Ltd raised its holdings in shares of Welltower by 0.4% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 33,012 shares of the real estate investment trust’s stock valued at $3,174,000 after purchasing an additional 125 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its holdings in shares of Welltower by 1.1% during the second quarter. Cornell Pochily Investment Advisors Inc. now owns 11,705 shares of the real estate investment trust’s stock valued at $947,000 after purchasing an additional 130 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its position in shares of Welltower by 1.1% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 11,573 shares of the real estate investment trust’s stock valued at $1,113,000 after purchasing an additional 130 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of Welltower by 1.3% during the 2nd quarter. Lido Advisors LLC now owns 10,119 shares of the real estate investment trust’s stock valued at $819,000 after purchasing an additional 134 shares during the last quarter. 91.61% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

WELL opened at $88.55 on Tuesday. The stock has a market capitalization of $49.01 billion, a price-to-earnings ratio of 184.48, a PEG ratio of 4.79 and a beta of 1.07. The company has a fifty day moving average of $84.22 and a 200 day moving average of $81.66. Welltower Inc. has a fifty-two week low of $62.62 and a fifty-two week high of $89.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.37 and a current ratio of 3.37.

Welltower (NYSE:WELLGet Free Report) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.65). The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Welltower had a net margin of 3.94% and a return on equity of 1.15%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. As a group, sell-side analysts forecast that Welltower Inc. will post 3.61 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 14th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 508.33%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Welltower from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, November 13th. Royal Bank of Canada upped their price target on shares of Welltower from $87.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. JPMorgan Chase & Co. cut Welltower from an “overweight” rating to a “neutral” rating and set a $90.00 price target for the company. in a research report on Thursday, October 12th. Raymond James upgraded Welltower from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $95.00 to $101.00 in a research report on Thursday, November 9th. Finally, Barclays upped their price target on Welltower from $82.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.38.

Check Out Our Latest Stock Report on Welltower

About Welltower

(Free Report)

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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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