Welltower Inc. (NYSE:WELL) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 10.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,536 shares of the real estate investment trust’s stock after buying an additional 232 shares during the quarter. Avestar Capital LLC’s holdings in Welltower were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Foundation Advisors acquired a new position in Welltower in the second quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new position in Welltower in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in Welltower in the second quarter valued at approximately $30,000. Centerpoint Advisors LLC acquired a new position in Welltower in the second quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC boosted its holdings in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Up 0.2 %

NYSE:WELL opened at $139.30 on Thursday. 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 stock has a market capitalization of $86.74 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 3.04 and a beta of 1.20. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The stock has a fifty day moving average price of $131.70 and a two-hundred day moving average price of $117.80.

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

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WELL shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Evercore ISI increased their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Royal Bank of Canada increased their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Five equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

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.