Kestra Advisory Services LLC Buys 4,801 Shares of Welltower Inc. $WELL

Kestra Advisory Services LLC grew its position in Welltower Inc. (NYSE:WELL) by 15.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,840 shares of the real estate investment trust’s stock after purchasing an additional 4,801 shares during the period. Kestra Advisory Services LLC’s holdings in Welltower were worth $8,252,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. MMA Asset Management LLC bought a new position in Welltower in the third quarter valued at approximately $472,000. Collaborative Fund Advisors LLC raised its position in shares of Welltower by 33.5% in the third quarter. Collaborative Fund Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 360 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of Welltower during the 3rd quarter worth about $168,000. Kestra Private Wealth Services LLC boosted its holdings in shares of Welltower by 0.4% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 41,459 shares of the real estate investment trust’s stock worth $9,545,000 after buying an additional 178 shares during the period. Finally, Northeast Investment Management grew its position in shares of Welltower by 110.7% in the third quarter. Northeast Investment Management now owns 48,505 shares of the real estate investment trust’s stock valued at $11,168,000 after purchasing an additional 25,489 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrew Gundlach acquired 5,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the purchase, the director owned 30,000 shares in the company, valued at approximately $7,261,800. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. Insiders own 0.37% of the company’s stock.

Welltower Stock Up 0.0%

Shares of NYSE WELL opened at $247.42 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16. The company has a 50-day moving average price of $234.24 and a 200-day moving average price of $220.25. The stock has a market capitalization of $181.51 billion, a P/E ratio of 107.11, a P/E/G ratio of 1.18 and a beta of 0.79. Welltower Inc. has a 1 year low of $181.47 and a 1 year high of $255.20.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The firm’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 EPS. On average, equities research analysts forecast that Welltower Inc. will post 6.51 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.85 per share. The ex-dividend date is Tuesday, November 10th. This represents a $3.40 annualized dividend and a yield of 1.4%. Welltower’s dividend payout ratio is 147.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WELL shares. Citigroup lifted their target price on Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, September 25th. KeyCorp boosted their price target on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Barclays lowered their target price on Welltower from $259.00 to $246.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Finally, Royal Bank Of Canada boosted their price target on shares of Welltower from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.14.

About Welltower

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.