Atomi Financial Group Inc. Increases Holdings in Welltower Inc. (NYSE:WELL)

Atomi Financial Group Inc. grew its holdings in Welltower Inc. (NYSE:WELL) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,020 shares of the real estate investment trust’s stock after purchasing an additional 666 shares during the period. Atomi Financial Group Inc.’s holdings in Welltower were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in WELL. RDA Financial Network grew its stake in shares of Welltower by 0.6% in the second quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after acquiring an additional 104 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of Welltower by 0.9% in the second quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 113 shares during the period. Graypoint LLC increased its stake in shares of Welltower by 4.8% during the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 122 shares during the period. Lake Street Advisors Group LLC raised its position in Welltower by 3.1% in the second quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 122 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in Welltower by 2.4% during the first quarter. Wedmont Private Capital now owns 5,156 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 123 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Scotiabank raised their price objective on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Trading Down 1.0 %

Welltower stock opened at $123.12 on Friday. The company has a market cap of $73.62 billion, a price-to-earnings ratio of 151.99, a P/E/G ratio of 2.97 and a beta of 1.21. The firm has a 50-day moving average of $122.23 and a 200-day moving average of $107.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. Welltower Inc. has a one year low of $80.80 and a one year high of $131.31.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts expect that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio (DPR) is 330.86%.

Welltower 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.