860 Shares in Welltower Inc. (NYSE:WELL) Bought by NBC Securities Inc.

NBC Securities Inc. purchased a new position in shares of Welltower Inc. (NYSE:WELL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 860 shares of the real estate investment trust’s stock, valued at approximately $131,000.

Several other institutional investors have also bought and sold shares of the stock. Geller Advisors LLC grew its stake in Welltower by 3.7% in the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 69 shares during the period. Woodmont Investment Counsel LLC grew its stake in Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 81 shares during the period. Versant Capital Management Inc grew its stake in Welltower by 27.0% in the 1st quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 81 shares during the period. Wealthspire Advisors LLC grew its stake in Welltower by 2.5% in the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 83 shares during the period. Finally, Catalyst Financial Partners LLC grew its stake in Welltower by 5.1% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,777 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 87 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wedbush reiterated an “underperform” rating on shares of Welltower in a research note on Thursday, April 17th. Scotiabank increased their price target on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Bank of America increased their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley increased their price target on Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.25.

Welltower Stock Performance

Shares of WELL opened at $150.19 on Tuesday. The stock’s 50-day simple moving average is $147.98 and its 200 day simple moving average is $141.98. Welltower Inc. has a 52-week low of $100.13 and a 52-week high of $158.55. The stock has a market capitalization of $98.22 billion, a price-to-earnings ratio of 96.28, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm posted $1.01 EPS. The company’s revenue was up 30.3% compared to the same quarter last year. Research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. Welltower’s dividend payout ratio is 154.02%.

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.