Legacy Advisors LLC Buys 134 Shares of Welltower Inc. (NYSE:WELL)

Legacy Advisors LLC increased its stake in Welltower Inc. (NYSE:WELL) by 7.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,844 shares of the real estate investment trust’s stock after purchasing an additional 134 shares during the quarter. Legacy Advisors LLC’s holdings in Welltower were worth $283,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. increased its stake in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after acquiring an additional 7,872 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Welltower by 30.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock valued at $68,666,000 after acquiring an additional 128,090 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Welltower by 17.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after acquiring an additional 285,015 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Welltower in the 4th quarter valued at $367,000. Finally, Groupama Asset Managment grew its position in Welltower by 23,204.3% in the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust’s stock valued at $2,183,000 after purchasing an additional 1,891,847 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WELL. Wells Fargo & Company lifted their price target on shares of Welltower from $158.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. Wedbush reaffirmed an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Scotiabank lifted their price objective on shares of Welltower from $170.00 to $172.00 and gave the stock a “sector outperform” rating in a report on Monday. Royal Bank Of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $163.75.

Welltower Price Performance

NYSE WELL opened at $153.46 on Thursday. The company has a market cap of $100.36 billion, a PE ratio of 88.20, a price-to-earnings-growth ratio of 1.79 and a beta of 0.94. Welltower Inc. has a 52 week low of $100.13 and a 52 week high of $158.55. 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 firm’s 50-day simple moving average is $150.27 and its two-hundred day simple moving average is $143.27.

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 the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. Research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower’s dividend payout ratio is presently 154.02%.

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.