Cornerstone Wealth Group LLC Purchases 30,908 Shares of Welltower Inc (NYSE:WELL)

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Cornerstone Wealth Group LLC lifted its position in shares of Welltower Inc (NYSE:WELL) by 161.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,096 shares of the real estate investment trust’s stock after purchasing an additional 30,908 shares during the period. Welltower comprises 1.1% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 22nd largest holding. Cornerstone Wealth Group LLC’s holdings in Welltower were worth $4,541,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Private Asset Management Inc. boosted its holdings in Welltower by 6.3% in the second quarter. Private Asset Management Inc. now owns 59,013 shares of the real estate investment trust’s stock valued at $4,811,000 after acquiring an additional 3,501 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Welltower by 3.3% in the second quarter. Fulton Bank N.A. now owns 21,001 shares of the real estate investment trust’s stock valued at $1,712,000 after acquiring an additional 670 shares during the last quarter. DNB Asset Management AS boosted its holdings in Welltower by 106.6% in the second quarter. DNB Asset Management AS now owns 85,455 shares of the real estate investment trust’s stock valued at $6,967,000 after acquiring an additional 44,096 shares during the last quarter. RDA Financial Network boosted its holdings in Welltower by 1.6% in the second quarter. RDA Financial Network now owns 16,997 shares of the real estate investment trust’s stock valued at $1,449,000 after acquiring an additional 270 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in Welltower by 4.9% in the second quarter. Retirement Systems of Alabama now owns 188,778 shares of the real estate investment trust’s stock valued at $15,391,000 after acquiring an additional 8,872 shares during the last quarter. Institutional investors own 89.18% of the company’s stock.

Shares of WELL opened at $82.88 on Friday. Welltower Inc has a 52-week low of $65.94 and a 52-week high of $93.17. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.85 and a current ratio of 1.85. The business’s 50 day moving average price is $89.85 and its two-hundred day moving average price is $84.97. The firm has a market cap of $34.67 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 4.58 and a beta of 0.18.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, November 12th. Welltower’s dividend payout ratio (DPR) is presently 86.35%.

Several brokerages recently commented on WELL. Barclays cut Welltower from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $88.00 to $93.00 in a report on Tuesday, October 1st. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley upped their target price on Welltower from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, September 17th. BMO Capital Markets reiterated a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Finally, Wood & Company reiterated an “average” rating on shares of Welltower in a report on Thursday, August 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.66.

Welltower Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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