HBK Sorce Advisory LLC Purchases 124 Shares of Welltower Inc. (NYSE:WELL)

HBK Sorce Advisory LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,871 shares of the real estate investment trust’s stock after buying an additional 124 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Welltower were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in WELL. Norges Bank bought a new stake in Welltower during the fourth quarter worth about $2,453,039,000. Vanguard Group Inc. lifted its stake in shares of Welltower by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock valued at $7,748,369,000 after acquiring an additional 5,173,079 shares during the last quarter. Capital International Investors lifted its stake in shares of Welltower by 6.3% in the 4th quarter. Capital International Investors now owns 23,132,262 shares of the real estate investment trust’s stock valued at $2,085,836,000 after acquiring an additional 1,361,150 shares during the last quarter. UBS Group AG lifted its stake in shares of Welltower by 147.7% in the 4th quarter. UBS Group AG now owns 1,072,283 shares of the real estate investment trust’s stock valued at $96,688,000 after acquiring an additional 639,355 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Welltower by 88.1% in the 1st quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock valued at $104,072,000 after acquiring an additional 523,656 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.4 %

Shares of Welltower stock traded up $1.46 during mid-day trading on Friday, hitting $107.41. The stock had a trading volume of 2,098,754 shares, compared to its average volume of 2,682,392. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $64.22 billion, a P/E ratio of 132.14, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The firm has a 50-day moving average of $103.14 and a two-hundred day moving average of $95.45. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $108.06.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Sell-side analysts forecast that Welltower Inc. will post 4.13 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 2.27%. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Insiders Place Their Bets

In related news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Scotiabank upped their target price on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Morgan Stanley increased their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Evercore ISI increased their price target on Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Mizuho increased their price target on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.32.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.