Meeder Asset Management Inc. Makes New $30,000 Investment in Welltower Inc. (NYSE:WELL)

Meeder Asset Management Inc. purchased a new position in shares of Welltower Inc. (NYSE:WELL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 283 shares of the real estate investment trust’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WELL. First Foundation Advisors bought a new position in shares of Welltower during the 2nd quarter worth approximately $26,000. Rise Advisors LLC bought a new position in shares of Welltower in the 1st quarter worth $27,000. TruNorth Capital Management LLC bought a new position in shares of Welltower in the 2nd quarter worth $27,000. Manchester Capital Management LLC lifted its holdings in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new position in shares of Welltower in the 2nd quarter worth $31,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Scotiabank increased their target price on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company increased their price target on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Royal Bank of Canada increased their price target on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. KeyCorp increased their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Finally, Evercore ISI increased their price target on Welltower from $105.00 to $106.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.71.

Welltower Trading Up 0.7 %

Shares of Welltower stock opened at $129.75 on Monday. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $129.87. The firm has a market cap of $79.04 billion, a PE ratio of 160.19, a P/E/G ratio of 2.97 and a beta of 1.21. The stock has a fifty day moving average price of $115.29 and a 200-day moving average price of $103.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the firm posted $0.90 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. Welltower’s dividend payout ratio (DPR) is currently 330.86%.

Welltower 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.