HB Wealth Management LLC Has $1.88 Million Stock Position in Welltower Inc. (NYSE:WELL)

HB Wealth Management LLC boosted its position in Welltower Inc. (NYSE:WELL) by 33.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,291 shares of the real estate investment trust’s stock after purchasing an additional 3,100 shares during the period. HB Wealth Management LLC’s holdings in Welltower were worth $1,883,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Geller Advisors LLC lifted its stake in Welltower by 3.7% in the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 69 shares during the last quarter. Good Life Advisors LLC lifted its position in Welltower by 1.2% during the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust’s stock worth $880,000 after acquiring an additional 69 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Welltower by 4.3% during the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 73 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in Welltower by 1.8% during the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust’s stock worth $678,000 after acquiring an additional 77 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its position in Welltower by 4.3% during the first quarter. Catalyst Financial Partners LLC now owns 1,854 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 77 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WELL shares. Evercore ISI raised their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a research report on Thursday, May 1st. Wedbush restated an “underperform” rating on shares of Welltower in a research report on Thursday, April 17th. Morgan Stanley raised their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Wells Fargo & Company raised their price objective on shares of Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Finally, Scotiabank restated an “outperform” rating on shares of Welltower in a research report on Monday, June 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.18.

Welltower Stock Down 1.9%

Shares of WELL opened at $158.42 on Tuesday. Welltower Inc. has a 12 month low of $109.37 and a 12 month high of $162.26. The firm’s 50 day moving average is $153.77 and its 200-day moving average is $148.25. The stock has a market capitalization of $103.60 billion, a PE ratio of 91.05, a P/E/G ratio of 1.88 and a beta of 0.92. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. Equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. This is a boost from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 1.87%. Welltower’s dividend payout ratio (DPR) is currently 154.02%.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company’s stock, valued at $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by company insiders.

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.