1,503 Shares in Welltower Inc. (NYSE:WELL) Bought by Fairscale Capital LLC

Fairscale Capital LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,503 shares of the real estate investment trust’s stock, valued at approximately $159,000.

Other hedge funds have also made changes to their positions in the company. First Foundation Advisors bought a new stake in Welltower during the second quarter worth approximately $26,000. TruNorth Capital Management LLC bought a new position in Welltower in the 2nd quarter worth $27,000. Meeder Asset Management Inc. acquired a new position in Welltower during the 2nd quarter worth $30,000. Rise Advisors LLC bought a new stake in Welltower during the first quarter valued at about $27,000. Finally, Centerpoint Advisors LLC bought a new position in shares of Welltower in the second quarter worth about $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. KeyCorp raised their target price on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Wells Fargo & Company upped 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. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wedbush upped their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Morgan Stanley boosted their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

Welltower Price Performance

Shares of WELL stock opened at $125.27 on Friday. The stock’s fifty day simple moving average is $117.54 and its 200 day simple moving average is $104.68. Welltower Inc. has a one year low of $78.38 and a one year high of $131.31. The firm has a market cap of $74.90 billion, a price-to-earnings ratio of 154.65, a P/E/G ratio of 2.97 and a beta of 1.21. 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 issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. On average, analysts expect that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.14%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio 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.