Connors Investor Services Inc. Acquires 410 Shares of Welltower Inc. (NYSE:WELL)

Connors Investor Services Inc. increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,125 shares of the real estate investment trust’s stock after purchasing an additional 410 shares during the quarter. Connors Investor Services Inc.’s holdings in Welltower were worth $12,315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WELL. Vanguard Group Inc. lifted 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 buying an additional 3,257,213 shares in the last quarter. Capital International Investors raised its holdings in shares of Welltower by 26.4% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Welltower by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock valued at $814,678,000 after acquiring an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC grew its holdings 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 valued at $507,771,000 after purchasing an additional 849,898 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in 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 purchasing an additional 489,533 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.5 %

Shares of NYSE WELL opened at $129.15 on Tuesday. Welltower Inc. has a 52-week low of $78.38 and a 52-week high of $131.31. The firm has a market capitalization of $78.67 billion, a price-to-earnings ratio of 159.44, a PEG ratio of 2.97 and a beta of 1.21. The stock has a 50 day moving average price of $115.79 and a 200 day moving average price of $103.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. Sell-side analysts expect that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently declared 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 was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. KeyCorp lifted their price objective on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday. Wells Fargo & Company upped their price objective on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Wedbush raised their price objective on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.38.

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.