Welltower Inc. $WELL Shares Bought by MGO One Seven LLC

MGO One Seven LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 32.5% during the third quarter, Holdings Channel.com reports. The firm owned 12,657 shares of the real estate investment trust’s stock after acquiring an additional 3,108 shares during the period. MGO One Seven LLC’s holdings in Welltower were worth $2,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Leonteq Securities AG lifted its holdings in Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 60 shares during the period. Kilter Group LLC acquired a new position in Welltower during the 2nd quarter valued at about $29,000. Sound Income Strategies LLC increased its stake in Welltower by 124.6% during the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the period. Solstein Capital LLC bought a new stake in shares of Welltower during the 2nd quarter worth about $34,000. Finally, Summit Securities Group LLC raised its position in shares of Welltower by 42.6% during the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 49 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach acquired 5,000 shares of Welltower stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the transaction, the director owned 30,000 shares in the company, valued at approximately $7,261,800. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

WELL has been the subject of a number of research analyst reports. BNP Paribas Exane upped their price target on shares of Welltower from $238.00 to $272.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Weiss Ratings lowered shares of Welltower from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Citigroup raised their price objective on shares of Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Mizuho boosted their target price on Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, UBS Group restated a “buy” rating and issued a $269.00 target price on shares of Welltower in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $259.81.

Welltower Trading Up 0.9%

Shares of Welltower stock opened at $241.10 on Wednesday. The business has a fifty day simple moving average of $233.51 and a 200-day simple moving average of $218.75. Welltower Inc. has a fifty-two week low of $180.97 and a fifty-two week high of $255.20. The firm has a market cap of $176.88 billion, a price-to-earnings ratio of 104.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.79. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39.

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

Welltower Dividend Announcement

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

About Welltower

Welltower Inc (NYSE: WELL) is a healthcare-focused real estate investment trust that owns, develops, and manages properties used to provide healthcare and related services. Its portfolio is centered on senior housing communities, outpatient medical facilities, and post-acute care properties, including assets operated by healthcare providers and senior living companies.

The company’s senior housing investments support independent living, assisted living, and memory care services. Its outpatient medical properties accommodate physicians, clinics, and other healthcare providers, while its broader healthcare real estate portfolio is designed to serve demand for care delivered outside traditional hospitals.