Meeder Advisory Services Inc. Has $810,000 Holdings in Welltower Inc. (NYSE:WELL)

Meeder Advisory Services Inc. grew its holdings in Welltower Inc. (NYSE:WELL) by 8.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,668 shares of the real estate investment trust’s stock after purchasing an additional 707 shares during the period. Meeder Advisory Services Inc.’s holdings in Welltower were worth $810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bruce G. Allen Investments LLC bought a new stake in shares of Welltower in the fourth quarter valued at about $25,000. Rise Advisors LLC acquired a new position in Welltower during the first quarter worth about $27,000. Manchester Capital Management LLC raised its stake 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 worth $31,000 after acquiring an additional 254 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Welltower during the fourth quarter worth about $35,000. Finally, Salem Investment Counselors Inc. raised its stake in Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 194 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Up 0.3 %

NYSE WELL traded up $0.34 on Tuesday, reaching $105.68. The company had a trading volume of 175,127 shares, compared to its average volume of 2,683,862. The stock has a market capitalization of $63.19 billion, a P/E ratio of 130.11, a P/E/G ratio of 2.56 and a beta of 1.18. The company’s fifty day moving average is $102.67 and its 200 day moving average is $95.18. Welltower Inc. has a 52-week low of $77.90 and a 52-week high of $106.50. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. Sell-side analysts anticipate that Welltower Inc. will post 4.13 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Analyst Ratings Changes

WELL has been the subject of several research analyst reports. Scotiabank boosted their target price on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Wells Fargo & Company upped their price objective on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Evercore ISI upped their price objective on Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, Mizuho upped their price objective on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price of $101.32.

Insider Activity

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

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.