CX Institutional Raises Holdings in Welltower Inc. (NYSE:WELL)

CX Institutional grew its position in Welltower Inc. (NYSE:WELL) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,334 shares of the real estate investment trust’s stock after buying an additional 405 shares during the quarter. CX Institutional’s holdings in Welltower were worth $511,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Welltower by 0.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 21,064 shares of the real estate investment trust’s stock worth $3,227,000 after acquiring an additional 133 shares in the last quarter. Sarasin & Partners LLP bought a new position in shares of Welltower in the 1st quarter worth $10,076,000. GAMMA Investing LLC raised its position in shares of Welltower by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 11,344 shares of the real estate investment trust’s stock worth $1,738,000 after acquiring an additional 1,380 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Welltower in the 1st quarter worth $230,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Welltower in the 1st quarter worth $28,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WELL. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Wedbush reissued an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Mizuho increased their price objective on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company raised their target price on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.25.

Welltower Stock Performance

Shares of WELL stock opened at $152.22 on Friday. The company has a market capitalization of $99.54 billion, a P/E ratio of 97.58, a P/E/G ratio of 2.87 and a beta of 0.94. The business’s 50 day moving average is $148.67 and its two-hundred day moving average is $142.30. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12-month low of $100.13 and a 12-month high of $158.55.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Welltower’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 earnings per share. Analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.76%. Welltower’s dividend payout ratio (DPR) is presently 154.02%.

About Welltower

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.