Dynamic Advisor Solutions LLC Makes New Investment in Welltower Inc. (NYSE:WELL)

Dynamic Advisor Solutions LLC bought a new position in shares of Welltower Inc. (NYSE:WELL) during the 1st quarter, Holdings Channel reports. The firm bought 1,759 shares of the real estate investment trust’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in Welltower during the first quarter worth about $59,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Welltower by 8.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust’s stock valued at $20,147,000 after purchasing an additional 10,423 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of Welltower by 2.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 11,136 shares of the real estate investment trust’s stock valued at $1,706,000 after purchasing an additional 259 shares during the last quarter. CVA Family Office LLC grew its position in shares of Welltower by 12.3% in the first quarter. CVA Family Office LLC now owns 733 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 80 shares during the last quarter. Finally, Everhart Financial Group Inc. grew its position in shares of Welltower by 6.7% in the first quarter. Everhart Financial Group Inc. now owns 6,474 shares of the real estate investment trust’s stock valued at $992,000 after purchasing an additional 405 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of WELL opened at $153.06 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The company has a market capitalization of $100.09 billion, a price-to-earnings ratio of 87.97, a PEG ratio of 1.78 and a beta of 0.94. The company’s 50 day simple moving average is $149.61 and its 200 day simple moving average is $142.69. Welltower Inc. has a 1 year low of $100.13 and a 1 year high of $158.55.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower’s dividend payout ratio is currently 154.02%.

Analyst Ratings Changes

WELL has been the topic of several research reports. Morgan Stanley increased their price target on shares of Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Wells Fargo & Company increased their price target on shares of Welltower from $158.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Mizuho increased their price target on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, Wall Street Zen lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $163.25.

Welltower Company 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.