1,803 Shares in Welltower Inc. (NYSE:WELL) Purchased by Foster Group Inc.

Foster Group Inc. bought a new stake in Welltower Inc. (NYSE:WELL) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,803 shares of the real estate investment trust’s stock, valued at approximately $276,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 279 shares in the last quarter. Mather Group LLC. increased its stake in shares of Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 75 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Welltower by 139.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 13,824 shares of the real estate investment trust’s stock worth $1,742,000 after purchasing an additional 8,046 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Welltower by 29.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 116,809 shares of the real estate investment trust’s stock worth $14,001,000 after purchasing an additional 26,544 shares in the last quarter. Finally, Financial Advocates Investment Management increased its position in Welltower by 10.0% during the fourth quarter. Financial Advocates Investment Management now owns 3,032 shares of the real estate investment trust’s stock worth $382,000 after buying an additional 276 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

Welltower stock opened at $154.44 on Friday. Welltower Inc. has a 1 year low of $100.13 and a 1 year high of $158.55. The firm has a 50 day moving average price of $148.04 and a 200 day moving average price of $141.83. The company has a market cap of $101.00 billion, a price-to-earnings ratio of 99.00, a PEG ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company earned $1.01 EPS. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. Sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower’s dividend payout ratio (DPR) is presently 154.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WELL shares. Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Wedbush reiterated an “underperform” rating on shares of Welltower in a research report on Thursday, April 17th. Wells Fargo & Company lifted their price objective on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Finally, Evercore ISI lifted their price target on shares of Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.25.

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.