Braun Stacey Associates Inc. Has $32.49 Million Stock Position in Welltower Inc. (NYSE:WELL)

Braun Stacey Associates Inc. increased its position in shares of Welltower Inc. (NYSE:WELL) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 253,734 shares of the real estate investment trust’s stock after purchasing an additional 12,152 shares during the period. Welltower comprises about 1.2% of Braun Stacey Associates Inc.’s portfolio, making the stock its 20th largest holding. Braun Stacey Associates Inc.’s holdings in Welltower were worth $32,486,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in WELL. Kingsview Wealth Management LLC raised its stake in shares of Welltower by 20.9% in the first quarter. Kingsview Wealth Management LLC now owns 3,251 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 562 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Welltower by 147.9% in the first quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock worth $2,083,000 after purchasing an additional 13,300 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in shares of Welltower in the first quarter worth approximately $205,000. O Shaughnessy Asset Management LLC raised its stake in shares of Welltower by 15.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 41,773 shares of the real estate investment trust’s stock worth $3,903,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Welltower by 22.8% in the first quarter. Bessemer Group Inc. now owns 4,113 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 764 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on WELL shares. Scotiabank increased their price objective on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Wedbush upped their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada upped their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.68.

Welltower Price Performance

Welltower stock opened at $136.02 on Monday. Welltower Inc. has a one year low of $85.40 and a one year high of $140.19. The business has a fifty day moving average price of $130.20 and a 200-day moving average price of $115.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market capitalization of $84.70 billion, a P/E ratio of 89.49, a PEG ratio of 3.05 and a beta of 1.20.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.97%. Welltower’s payout ratio is 176.32%.

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.