Consolidated Planning Corp Raises Stake in Welltower Inc. (NYSE:WELL)

Consolidated Planning Corp lifted its stake in Welltower Inc. (NYSE:WELL) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,757 shares of the real estate investment trust’s stock after purchasing an additional 2,319 shares during the period. Consolidated Planning Corp’s holdings in Welltower were worth $5,858,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Foundation Advisors purchased a new position in shares of Welltower during the second quarter valued at $26,000. TruNorth Capital Management LLC bought a new position in Welltower during the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new position in Welltower during the 2nd quarter valued at about $30,000. Fortitude Family Office LLC raised its holdings in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Centerpoint Advisors LLC purchased a new stake in shares of Welltower in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 2.4 %

Shares of WELL opened at $136.92 on Friday. The stock has a fifty day simple moving average of $128.26 and a two-hundred day simple moving average of $113.45. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $85.26 billion, a PE ratio of 90.08, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20. Welltower Inc. has a 52-week low of $84.38 and a 52-week high of $139.80.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned $0.92 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts forecast that Welltower Inc. will post 4.31 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WELL. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Scotiabank raised their price target on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a report on Monday, September 23rd. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Evercore ISI boosted their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average price target of $115.38.

About Welltower

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.