CreativeOne Wealth LLC Increases Position in Welltower Inc. (NYSE:WELL)

CreativeOne Wealth LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 13.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,121 shares of the real estate investment trust’s stock after buying an additional 729 shares during the period. CreativeOne Wealth LLC’s holdings in Welltower were worth $572,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Welltower during the first quarter valued at about $27,000. Manchester Capital Management LLC grew its holdings in shares of Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $35,000. Opal Wealth Advisors LLC purchased a new stake in shares of Welltower during the first quarter valued at approximately $43,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $45,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Welltower Stock Performance

Shares of WELL stock traded up $1.09 during trading hours on Friday, hitting $109.58. The company’s stock had a trading volume of 688,886 shares, compared to its average volume of 2,657,366. The company has a 50 day moving average of $104.04 and a 200 day moving average of $96.12. The stock has a market cap of $65.52 billion, a PE ratio of 133.94, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $111.85.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. Welltower’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, sell-side analysts forecast that Welltower Inc. will post 4.13 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were issued a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 2.23%. Welltower’s payout ratio is 301.23%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, July 10th. Evercore ISI increased their price target on shares of Welltower from $95.00 to $97.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 16th. KeyCorp increased their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Morgan Stanley increased their price target on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company increased their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.32.

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.