Checchi Capital Advisers LLC Has $971,000 Position in Welltower Inc. (NYSE:WELL)

Checchi Capital Advisers LLC lifted its stake in Welltower Inc. (NYSE:WELL) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,310 shares of the real estate investment trust’s stock after acquiring an additional 191 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Welltower were worth $971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in Welltower during the second quarter worth $27,000. Rise Advisors LLC bought a new stake in Welltower during the first quarter valued at about $27,000. Manchester Capital Management LLC boosted its holdings in Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Scarborough Advisors LLC bought a new stake in Welltower during the fourth quarter valued at about $35,000. Finally, Opal Wealth Advisors LLC bought a new stake in Welltower during the first quarter valued at about $43,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore ISI upped their price target on shares of Welltower from $105.00 to $106.00 and gave the company an “in-line” rating in a report on Wednesday. Wedbush raised their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. KeyCorp raised their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Scotiabank raised their price objective on shares of Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lifted their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.58.

Welltower Stock Performance

Shares of Welltower stock traded up $0.29 during trading on Wednesday, hitting $120.55. 731,042 shares of the stock were exchanged, compared to its average volume of 2,649,441. The stock has a market capitalization of $72.08 billion, a price-to-earnings ratio of 149.19, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company has a fifty day moving average price of $109.53 and a 200-day moving average price of $100.34. Welltower Inc. has a 1-year low of $78.38 and a 1-year high of $121.43. The company has a current ratio of 4.07, a quick ratio of 3.83 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.16 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.22%. Welltower’s payout ratio is currently 330.86%.

Insider Transactions at Welltower

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

About Welltower

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.