Welltower Inc. (NYSE:WELL) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,536 shares of the real estate investment trust’s stock after acquiring an additional 232 shares during the period. Avestar Capital LLC’s holdings in Welltower were worth $325,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Foundation Advisors acquired a new stake in shares of Welltower during the second quarter valued at $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the second quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the second quarter valued at $30,000. Centerpoint Advisors LLC acquired a new stake in Welltower in the 2nd quarter worth about $31,000. Finally, Fortitude Family Office LLC boosted its stake in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Scotiabank raised their price target on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wedbush raised their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Stock Performance

Welltower stock opened at $139.30 on Thursday. The stock’s 50-day moving average is $131.70 and its 200-day moving average is $117.80. The company has a market cap of $86.74 billion, a price-to-earnings ratio of 91.64, a price-to-earnings-growth ratio of 3.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. Equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. Welltower’s payout ratio is currently 176.32%.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.