Scarborough Advisors LLC Takes $35,000 Position in Welltower Inc. (NYSE:WELL)

Scarborough Advisors LLC purchased a new stake in Welltower Inc. (NYSE:WELL) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 389 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Welltower in the fourth quarter valued at approximately $25,000. Salem Investment Counselors Inc. lifted its position 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 worth $38,000 after purchasing an additional 194 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Welltower in the third quarter worth $38,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Welltower in the fourth quarter worth $49,000. Finally, CVA Family Office LLC bought a new stake in shares of Welltower in the fourth quarter worth $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL opened at $103.94 on Wednesday. The firm has a market capitalization of $62.15 billion, a PE ratio of 128.32, a PEG ratio of 2.57 and a beta of 1.16. The company’s 50-day moving average is $98.32 and its 200-day moving average is $93.26. Welltower Inc. has a fifty-two week low of $75.86 and a fifty-two week high of $105.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Equities analysts forecast that Welltower Inc. will post 4.12 EPS for the current year.

Welltower Dividend Announcement

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

Insider Activity

In related news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the transaction, the director now directly owns 14,579 shares in the company, valued at $1,514,903.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. Scotiabank boosted their price objective on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Wells Fargo & Company boosted their price objective on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Finally, Mizuho boosted their price objective on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.07.

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.