Welltower Inc. (NYSE:WELL) Stock Position Decreased by American Financial Advisors LLC

American Financial Advisors LLC lowered its holdings in Welltower Inc. (NYSE:WELL) by 4.4% during the second quarter, HoldingsChannel.com reports. The fund owned 13,609 shares of the real estate investment trust’s stock after selling 629 shares during the period. American Financial Advisors LLC’s holdings in Welltower were worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of WELL. Rise Advisors LLC acquired a new position in shares of Welltower during the first quarter valued at $27,000. TruNorth Capital Management LLC acquired a new position in Welltower during the 2nd quarter valued at about $27,000. Manchester Capital Management LLC grew its position in 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 during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $35,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Welltower during the first quarter valued at approximately $43,000. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL traded up $1.51 during mid-day trading on Friday, hitting $119.33. The company’s stock had a trading volume of 2,219,742 shares, compared to its average volume of 2,670,673. The stock has a market capitalization of $71.35 billion, a price-to-earnings ratio of 147.32, a PEG ratio of 2.74 and a beta of 1.18. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $119.50. The firm has a 50-day moving average price of $109.22 and a 200 day moving average price of $99.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 3.83.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.90 earnings per share. On average, research analysts predict that Welltower Inc. will post 4.16 EPS for the current fiscal 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 issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is presently 330.86%.

Insider Transactions at Welltower

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of Welltower stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WELL. Wedbush increased their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada increased their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Morgan Stanley increased their target price on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company boosted their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Five equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.88.

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.