11,136 Shares in Welltower Inc. (NYSE:WELL) Acquired by GAM Holding AG

GAM Holding AG purchased a new position in shares of Welltower Inc. (NYSE:WELL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,136 shares of the real estate investment trust’s stock, valued at approximately $1,706,000.

A number of other large investors have also bought and sold shares of WELL. Harbor Capital Advisors Inc. bought a new stake in Welltower during the 1st quarter worth approximately $28,000. Franchise Capital Ltd acquired a new position in Welltower during the 1st quarter worth $32,000. Capital Advisors Ltd. LLC lifted its holdings in Welltower by 57.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 107 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in Welltower during the 4th quarter worth $50,000. Finally, Cape Investment Advisory Inc. acquired a new position in Welltower during the 4th quarter worth $53,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

WELL stock opened at $151.70 on Friday. The business’s fifty day moving average is $149.79 and its 200-day moving average is $142.89. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. The company has a market cap of $99.20 billion, a P/E ratio of 87.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. Welltower Inc. has a twelve month low of $100.13 and a twelve month high of $158.55.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. Equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Wednesday, May 14th. Welltower’s dividend payout ratio is currently 154.02%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WELL shares. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Morgan Stanley upped their price objective on Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Mizuho upped their price objective on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Wells Fargo & Company upped their price objective on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Finally, Evercore ISI upped their price objective on Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a report on Thursday, May 1st. Two investment 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.25.

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.