Consolidated Planning Corp Raises Holdings in Welltower Inc. (NYSE:WELL)

Consolidated Planning Corp lifted its position in Welltower Inc. (NYSE:WELL) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,757 shares of the real estate investment trust’s stock after purchasing an additional 2,319 shares during the quarter. Consolidated Planning Corp’s holdings in Welltower were worth $5,858,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in Welltower in the first quarter valued at $383,000. Janney Montgomery Scott LLC increased its position in Welltower by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 54,666 shares of the real estate investment trust’s stock valued at $5,108,000 after acquiring an additional 3,035 shares during the period. Manchester Capital Management LLC raised its stake in Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Welltower by 4.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,869 shares of the real estate investment trust’s stock valued at $1,950,000 after acquiring an additional 888 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Welltower by 34.8% during the 1st quarter. Empowered Funds LLC now owns 7,365 shares of the real estate investment trust’s stock worth $688,000 after acquiring an additional 1,901 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE:WELL opened at $136.92 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The business’s fifty day moving average price is $128.26 and its two-hundred day moving average price is $113.45. The stock has a market cap of $85.26 billion, a PE ratio of 90.08, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20. Welltower Inc. has a one year low of $84.38 and a one year high of $139.80.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. On average, analysts forecast that Welltower Inc. will post 4.31 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.96%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WELL. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Wells Fargo & Company restated 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. Scotiabank raised their price objective on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research report on Monday, September 23rd. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wedbush lifted their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

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.