Fairfield Financial Advisors LTD Makes New Investment in Welltower Inc. (NYSE:WELL)

Fairfield Financial Advisors LTD bought a new stake in shares of Welltower Inc. (NYSE:WELL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,535 shares of the real estate investment trust’s stock, valued at approximately $1,515,000.

Several other hedge funds have also made changes to their positions in the company. First Foundation Advisors bought a new position in shares of Welltower during the second quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in Welltower during the 1st quarter valued at $27,000. TruNorth Capital Management LLC bought a new stake in Welltower during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. purchased a new position in shares of Welltower in the 2nd quarter valued at $30,000. Finally, Manchester Capital Management LLC raised its position in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Performance

WELL opened at $129.75 on Monday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $129.87. The firm has a 50 day moving average of $115.29 and a two-hundred day moving average of $103.55. The firm has a market capitalization of $79.04 billion, a PE ratio of 160.19, a P/E/G ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. On average, analysts anticipate that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is currently 330.86%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WELL. Evercore ISI raised their price objective on Welltower from $105.00 to $106.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Scotiabank increased their target price on shares of Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Royal Bank of Canada increased their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $111.71.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.