Agate Pass Investment Management LLC Buys Shares of 6,915 Welltower Inc. (NYSE:WELL)

Agate Pass Investment Management LLC purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,915 shares of the real estate investment trust's stock, valued at approximately $871,000.

Several other hedge funds also recently bought and sold shares of WELL. Meeder Asset Management Inc. purchased a new position in Welltower during the 2nd quarter worth $30,000. Fortitude Family Office LLC lifted its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 78 shares during the period. Versant Capital Management Inc increased its position in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 187 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Welltower in the 3rd quarter worth approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in Welltower during the third quarter valued at approximately $59,000. Institutional investors own 94.80% of the company's stock.

Welltower Stock Performance

NYSE WELL traded up $1.09 during trading hours on Monday, hitting $125.87. The company had a trading volume of 2,392,121 shares, compared to its average volume of 2,393,517. The business has a 50 day moving average of $131.25 and a 200-day moving average of $123.74. The company has a market cap of $78.38 billion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 2.90 and a beta of 1.22. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, equities research analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's dividend payout ratio is presently 176.32%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WELL. Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and upped their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Scotiabank boosted their price target on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus price target of $127.63.

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.