Opal Wealth Advisors LLC Takes Position in Welltower Inc. (NYSE:WELL)

Opal Wealth Advisors LLC acquired a new position in Welltower Inc. (NYSE:WELL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 385 shares of the real estate investment trust’s stock, valued at approximately $59,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Roxbury Financial LLC acquired a new stake in shares of Welltower in the fourth quarter worth $26,000. Sierra Ocean LLC acquired a new stake in shares of Welltower in the fourth quarter worth $28,000. Harbor Capital Advisors Inc. acquired a new stake in Welltower during the first quarter worth $28,000. Franchise Capital Ltd acquired a new stake in Welltower during the first quarter worth $32,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WELL. Wedbush reiterated an “underperform” rating on shares of Welltower in a research note on Thursday, April 17th. Mizuho lifted their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Wells Fargo & Company lifted their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Evercore ISI lifted their price objective on Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.25.

Welltower Stock Performance

Welltower stock opened at $152.22 on Monday. The stock has a 50-day simple moving average of $148.67 and a 200 day simple moving average of $142.34. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12-month low of $100.13 and a 12-month high of $158.55. The stock has a market capitalization of $99.54 billion, a price-to-earnings ratio of 97.58, a P/E/G ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.76%. Welltower’s dividend payout ratio is currently 154.02%.

Welltower Company 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.