Modera Wealth Management LLC Purchases Shares of 1,745 Welltower Inc. (NYSE:WELL)

Modera Wealth Management LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,745 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Welltower by 3.8% in the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after acquiring an additional 3,257,213 shares during the period. Capital International Investors raised its position in shares of Welltower by 26.4% in the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after acquiring an additional 6,104,064 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Welltower by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after acquiring an additional 62,942 shares during the period. Centersquare Investment Management LLC raised its position in shares of Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after acquiring an additional 849,898 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Welltower by 12.4% in the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock worth $414,229,000 after acquiring an additional 489,533 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WELL has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. 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 research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Trading Up 5.2 %

WELL opened at $137.34 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The company’s 50 day simple moving average is $126.35 and its two-hundred day simple moving average is $111.71. Welltower Inc. has a 1-year low of $80.80 and a 1-year high of $137.73. The firm has a market capitalization of $82.12 billion, a price-to-earnings ratio of 169.56, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share. Analysts expect that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.95%. Welltower’s dividend payout ratio is currently 330.86%.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.