Advisors Management Group Inc. ADV Has $7.08 Million Position in Welltower Inc. (NYSE:WELL)

Advisors Management Group Inc. ADV reduced its position in shares of Welltower Inc. (NYSE:WELL) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,292 shares of the real estate investment trust’s stock after selling 172 shares during the period. Welltower accounts for about 1.7% of Advisors Management Group Inc. ADV’s holdings, making the stock its 18th biggest position. Advisors Management Group Inc. ADV’s holdings in Welltower were worth $7,079,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Welltower by 3.8% in the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors grew its stake in Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after acquiring an additional 6,104,064 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Welltower by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock valued at $814,678,000 after acquiring an additional 62,942 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after buying an additional 849,898 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Welltower by 12.4% in the 1st quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock worth $414,229,000 after buying an additional 489,533 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

WELL opened at $133.67 on Thursday. Welltower Inc. has a 1 year low of $84.38 and a 1 year high of $139.80. The stock has a market cap of $83.23 billion, a price-to-earnings ratio of 87.94, a PEG ratio of 2.92 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $128.26 and a 200 day moving average price of $113.45.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. Analysts forecast that Welltower Inc. will post 4.31 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.00%. Welltower’s payout ratio is currently 176.32%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company reissued 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Company 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.