Fidelis Capital Partners LLC Purchases New Position in Welltower Inc. (NYSE:WELL)

Fidelis Capital Partners LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,681 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Foundation Advisors bought a new stake in Welltower during the second quarter worth $26,000. TruNorth Capital Management LLC purchased a new position in Welltower during the 2nd quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in shares of Welltower in the 2nd quarter worth $30,000. Fortitude Family Office LLC raised its holdings in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Finally, Centerpoint Advisors LLC bought a new position in shares of Welltower during the second quarter valued at about $31,000. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

WELL opened at $134.88 on Friday. The firm has a 50-day moving average price of $127.13 and a 200-day moving average price of $112.06. Welltower Inc. has a twelve month low of $82.54 and a twelve month high of $139.80. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $80.65 billion, a price-to-earnings ratio of 166.52, a PEG ratio of 2.91 and a beta of 1.21.

Welltower (NYSE:WELL) last released its quarterly earnings data 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 net margin of 8.36% and a return on equity of 2.21%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Equities analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors 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 yield of 1.99%. Welltower’s dividend payout ratio (DPR) is 330.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WELL shares. 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 raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wedbush raised their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Scotiabank boosted their price target on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average price target of $115.38.

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.