Boston Family Office LLC Grows Position in Welltower Inc. (NYSE:WELL)

Boston Family Office LLC increased its position in Welltower Inc. (NYSE:WELL) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,217 shares of the real estate investment trust’s stock after purchasing an additional 416 shares during the period. Boston Family Office LLC’s holdings in Welltower were worth $3,357,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Foundation Advisors bought a new stake in Welltower in the second quarter worth $26,000. TruNorth Capital Management LLC bought a new stake in Welltower during the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new position in Welltower in the second quarter worth about $30,000. Fortitude Family Office LLC lifted its stake in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares in the last quarter. Finally, Centerpoint Advisors LLC purchased a new stake in shares of Welltower during the second quarter valued at approximately $31,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.0 %

Welltower stock opened at $137.91 on Monday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The firm has a market capitalization of $85.88 billion, a price-to-earnings ratio of 90.73, a P/E/G ratio of 3.09 and a beta of 1.20. The firm has a 50 day moving average of $131.10 and a 200 day moving average of $117.11. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Upgrades and Downgrades

WELL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Scotiabank lifted their price objective on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Royal Bank of Canada raised their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.68.

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.