1,112 Shares in Welltower Inc. (NYSE:WELL) Acquired by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,112 shares of the real estate investment trust’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in Welltower in the 4th quarter worth $8,857,000. Nordea Investment Management AB lifted its holdings in shares of Welltower by 1,412.2% in the fourth quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock valued at $54,062,000 after purchasing an additional 555,353 shares in the last quarter. TCW Group Inc. boosted its position in shares of Welltower by 26.6% during the fourth quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock worth $8,085,000 after buying an additional 18,807 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Welltower by 7.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock worth $91,955,000 after buying an additional 72,968 shares in the last quarter. Finally, Harbour Trust & Investment Management Co acquired a new stake in Welltower in the 4th quarter valued at approximately $5,409,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Activity

In related news, Director Kenneth J. Bacon sold 1,800 shares of Welltower stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Welltower Stock Down 0.3 %

WELL stock opened at $103.77 on Tuesday. The business’s 50 day simple moving average is $98.08 and its 200 day simple moving average is $93.15. Welltower Inc. has a 1-year low of $75.86 and a 1-year high of $105.69. The firm has a market capitalization of $62.05 billion, a PE ratio of 128.11, a PEG ratio of 2.57 and a beta of 1.16. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. Welltower’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, research analysts anticipate that Welltower Inc. will post 4.12 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Scotiabank raised their target price on shares of Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. BNP Paribas started coverage on shares of Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Mizuho raised their price objective on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.07.

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.