Fairfield Financial Advisors LTD Takes $1.52 Million Position in Welltower Inc. (NYSE:WELL)

Fairfield Financial Advisors LTD bought a new stake in shares of Welltower Inc. (NYSE:WELLFree Report) during the second quarter, Holdings Channel reports. The fund bought 14,535 shares of the real estate investment trust’s stock, valued at approximately $1,515,000.

A number of other institutional investors have also recently added to or reduced their stakes in WELL. Jump Financial LLC increased its stake in Welltower by 131.3% during the 4th quarter. Jump Financial LLC now owns 7,997 shares of the real estate investment trust’s stock worth $721,000 after buying an additional 4,540 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Welltower by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 51,631 shares of the real estate investment trust’s stock valued at $4,656,000 after acquiring an additional 196 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in Welltower by 1.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 22,170 shares of the real estate investment trust’s stock valued at $1,999,000 after acquiring an additional 402 shares during the last quarter. NorthRock Partners LLC acquired a new stake in Welltower in the 4th quarter valued at about $264,000. Finally, Level Four Advisory Services LLC lifted its stake in Welltower by 9.6% in the 4th quarter. Level Four Advisory Services LLC now owns 8,381 shares of the real estate investment trust’s stock worth $756,000 after purchasing an additional 737 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 0.7 %

WELL opened at $129.75 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The stock has a market capitalization of $79.04 billion, a price-to-earnings ratio of 160.19, a PEG ratio of 2.97 and a beta of 1.21. The business has a fifty day moving average price of $115.29 and a 200 day moving average price of $103.55. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $129.87.

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

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WELL. Wedbush increased their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Morgan Stanley increased their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Scotiabank raised their price target on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.71.

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About Welltower

(Free Report)

Welltower Inc (NYSE:WELL), a 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 and 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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