2,982 Welltower Inc. $WELL Shares Purchased by Lido Advisors LLC

Lido Advisors LLC grew its position in shares of Welltower Inc. (NYSE:WELL) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,557 shares of the real estate investment trust’s stock after acquiring an additional 2,982 shares during the quarter. Lido Advisors LLC’s holdings in Welltower were worth $12,331,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new stake in shares of Welltower during the 3rd quarter worth about $206,000. Csenge Advisory Group increased its position in Welltower by 4.9% during the 3rd quarter. Csenge Advisory Group now owns 11,632 shares of the real estate investment trust’s stock worth $2,678,000 after purchasing an additional 541 shares in the last quarter. Cassia Capital Partners LLC purchased a new position in Welltower in the third quarter valued at approximately $1,056,000. New York Life Investment Management LLC raised its holdings in Welltower by 1.9% in the third quarter. New York Life Investment Management LLC now owns 107,281 shares of the real estate investment trust’s stock valued at $24,700,000 after buying an additional 1,976 shares during the period. Finally, Nemes Rush Group LLC raised its holdings in Welltower by 21,902.0% in the third quarter. Nemes Rush Group LLC now owns 44,004 shares of the real estate investment trust’s stock valued at $10,131,000 after buying an additional 43,804 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WELL. BMO Capital Markets lifted their price target on shares of Welltower from $245.00 to $265.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Freedom Broker raised shares of Welltower from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a research report on Wednesday, October 28th. Raymond James Financial reissued an “outperform” rating and issued a $263.00 price objective on shares of Welltower in a research report on Thursday, October 29th. Jefferies Financial Group raised shares of Welltower to a “strong-buy” rating in a research note on Friday, September 25th. Finally, BNP Paribas Exane lifted their target price on shares of Welltower from $238.00 to $272.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $263.10.

Recent Welltower Headlines

Here are a few of the latest headlines about WELL:

• Positive Sentiment: UBS raised its price target to $289 from $269 and maintained a Buy rating, implying about 16.9% upside from the cited share price. UBS price target article
• Positive Sentiment: JPMorgan lifted its target to $273 from $260 and assigned an Overweight rating, indicating continued confidence in Welltower’s prospects. JPMorgan price target article
• Neutral Sentiment: A dividend analysis was published, but the provided headline does not give details or indicate a change to Welltower’s dividend outlook. Welltower dividend analysis

Insiders Place Their Bets

In related news, Director Andrew Gundlach purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the acquisition, the director directly owned 30,000 shares in the company, valued at $7,261,800. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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. 0.37% of the stock is currently owned by corporate insiders.

Welltower Price Performance

Shares of NYSE WELL opened at $247.12 on Thursday. Welltower Inc. has a 1-year low of $181.47 and a 1-year high of $255.20. The business has a 50-day moving average of $234.37 and a 200-day moving average of $220.56. 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 market capitalization of $181.29 billion, a price-to-earnings ratio of 106.98, a PEG ratio of 1.18 and a beta of 0.79.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. On average, equities analysts anticipate that Welltower Inc. will post 6.50 EPS for the current fiscal year.

Welltower Announces Dividend

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 given a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 annualized dividend and a yield of 1.4%. Welltower’s payout ratio is 147.19%.

Welltower Company Profile

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.