Balboa Wealth Partners Raises Holdings in Welltower Inc. (NYSE:WELL)

Balboa Wealth Partners raised its holdings in Welltower Inc. (NYSE:WELL) by 42.8% during the third quarter, Holdings Channel.com reports. The firm owned 3,758 shares of the real estate investment trust’s stock after purchasing an additional 1,126 shares during the period. Balboa Wealth Partners’ holdings in Welltower were worth $481,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Foundation Advisors acquired a new position in shares of Welltower in the 2nd quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new stake in Welltower in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in Welltower during the second quarter worth $30,000. Centerpoint Advisors LLC purchased a new position in shares of Welltower during the second quarter worth $31,000. Finally, Fortitude Family Office LLC grew its stake 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 buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $136.02 on Friday. The company has a market cap of $84.70 billion, a P/E ratio of 89.49, a PEG ratio of 3.03 and a beta of 1.20. The firm has a fifty day moving average price of $129.98 and a 200 day moving average price of $115.10. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year. Sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

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

Analysts Set New Price Targets

WELL has been the subject of a number of research analyst reports. Royal Bank of Canada raised 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. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wedbush raised their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average 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.