1,700 Shares in Welltower Inc. (NYSE:WELL) Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. bought a new stake in Welltower Inc. (NYSE:WELL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,700 shares of the real estate investment trust’s stock, valued at approximately $218,000.

A number of other large investors have also added to or reduced their stakes in WELL. First Foundation Advisors bought a new stake in Welltower in the 2nd quarter worth approximately $26,000. TruNorth Capital Management LLC bought a new stake in shares of Welltower in the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower in the 2nd quarter valued at $30,000. Centerpoint Advisors LLC bought a new position in shares of Welltower during the 2nd quarter valued at $31,000. Finally, Fortitude Family Office LLC raised its position in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.4 %

Shares of WELL opened at $137.67 on Tuesday. Welltower Inc. has a 1-year low of $84.38 and a 1-year high of $140.19. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $128.94 and its 200-day moving average price is $114.23. The firm has a market capitalization of $85.73 billion, a price-to-earnings ratio of 90.57, a PEG ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

Several analysts have issued reports on WELL shares. Deutsche Bank Aktiengesellschaft raised their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wedbush lifted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Scotiabank lifted their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Profile

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.