Capital Group Private Client Services Inc. Grows Stock Holdings in Welltower Inc. (NYSE:WELL)

Capital Group Private Client Services Inc. boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 22.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,519 shares of the real estate investment trust’s stock after purchasing an additional 7,585 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Welltower were worth $3,880,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Welltower during the first quarter valued at $27,000. Manchester Capital Management LLC raised its stake in shares of Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter valued at $35,000. Salem Investment Counselors Inc. raised its stake in shares of Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 194 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Welltower in the first quarter valued at $43,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.

Welltower Stock Performance

Shares of Welltower stock traded up $1.28 during midday trading on Friday, hitting $109.77. The company had a trading volume of 2,104,672 shares, compared to its average volume of 2,667,267. The stock has a market cap of $65.63 billion, a price-to-earnings ratio of 135.52, a PEG ratio of 2.69 and a beta of 1.18. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $104.21 and a 200 day simple moving average of $96.26. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $111.85.

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

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Scotiabank increased their target price on shares of Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Wells Fargo & Company increased their target price on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Evercore ISI increased their target price on shares of Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a research note on Tuesday, July 16th. KeyCorp increased their target price on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Finally, Morgan Stanley upped their price target on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $101.32.

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.