Azzad Asset Management Inc. ADV Increases Position in Welltower Inc. (NYSE:WELL)

Azzad Asset Management Inc. ADV raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 54.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,365 shares of the real estate investment trust’s stock after buying an additional 3,286 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Welltower were worth $976,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Signaturefd LLC boosted its position in shares of Welltower by 1.6% during the second quarter. Signaturefd LLC now owns 9,250 shares of the real estate investment trust’s stock valued at $964,000 after buying an additional 142 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Welltower by 5.4% during the second quarter. Crossmark Global Holdings Inc. now owns 28,120 shares of the real estate investment trust’s stock valued at $2,931,000 after buying an additional 1,436 shares during the period. Callahan Advisors LLC boosted its position in shares of Welltower by 2.4% during the second quarter. Callahan Advisors LLC now owns 47,091 shares of the real estate investment trust’s stock valued at $4,909,000 after buying an additional 1,109 shares during the period. Braun Stacey Associates Inc. purchased a new position in shares of Welltower during the second quarter valued at approximately $25,185,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Welltower by 180.4% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 16,272 shares of the real estate investment trust’s stock valued at $1,696,000 after buying an additional 10,468 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $120.68 on Friday. The business’s fifty day simple moving average is $110.55 and its 200-day simple moving average is $100.85. The company has a market cap of $72.16 billion, a PE ratio of 148.99, a PEG ratio of 2.74 and a beta of 1.18. 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 Inc. has a 12-month low of $78.38 and a 12-month high of $121.70.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. Analysts expect that Welltower Inc. will post 4.16 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.22%. Welltower’s dividend payout ratio is presently 330.86%.

Insider Transactions at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was 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 SEC, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on WELL shares. KeyCorp boosted their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank boosted their price target on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Evercore ISI boosted their price target on Welltower from $105.00 to $106.00 and gave the company an “in-line” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.58.

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.