Atomi Financial Group Inc. Purchases 666 Shares of Welltower Inc. (NYSE:WELL)

Atomi Financial Group Inc. raised its holdings in Welltower Inc. (NYSE:WELL) by 15.3% in the third quarter, HoldingsChannel.com reports. The firm owned 5,020 shares of the real estate investment trust’s stock after purchasing an additional 666 shares during the quarter. Atomi Financial Group Inc.’s holdings in Welltower were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First Foundation Advisors acquired a new position in shares of Welltower in the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC bought a new stake in Welltower during the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower in the 2nd quarter valued at $30,000. Rise Advisors LLC bought a new position in shares of Welltower in the 1st quarter valued at $27,000. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower during the 2nd quarter worth $31,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the topic of several research analyst reports. Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Monday. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Scotiabank increased their price target on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Trading Down 1.0 %

NYSE:WELL opened at $123.12 on Friday. Welltower Inc. has a 52 week low of $80.80 and a 52 week high of $131.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The firm’s fifty day moving average is $122.23 and its 200-day moving average is $107.80. The firm has a market cap of $73.62 billion, a P/E ratio of 151.99, a P/E/G ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.90 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Equities analysts expect that Welltower Inc. will post 4.19 earnings per share 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. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.18%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

About Welltower

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.