Atria Investments Inc Boosts Stock Holdings in Welltower Inc. (NYSE:WELL)

Atria Investments Inc raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 20.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,072 shares of the real estate investment trust's stock after acquiring an additional 5,927 shares during the period. Atria Investments Inc's holdings in Welltower were worth $4,490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. Fortitude Family Office LLC grew its stake in shares of 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 purchasing an additional 78 shares during the last quarter. Old North State Wealth Management LLC lifted its position in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock valued at $1,648,000 after acquiring an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock worth $1,231,000 after buying an additional 82 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust's stock worth $470,000 after buying an additional 94 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in shares of Welltower by 14.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust's stock worth $99,000 after buying an additional 96 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WELL. Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Scotiabank lifted their price objective on shares of Welltower from $121.00 to $133.00 and gave the company a "sector outperform" rating in a research note on Monday, September 23rd. Wells Fargo & Company reiterated an "equal weight" rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Royal Bank of Canada boosted their price target on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research report on Friday, August 9th. Finally, Wedbush boosted their price target on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.68.

Welltower Stock Performance

WELL traded down $1.01 during trading on Wednesday, hitting $134.95. The company's stock had a trading volume of 3,341,806 shares, compared to its average volume of 2,683,434. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a one year low of $85.40 and a one year high of $140.19. The firm has a market cap of $84.03 billion, a PE ratio of 88.78, a P/E/G ratio of 3.05 and a beta of 1.20. The business's 50 day simple moving average is $129.56 and its 200-day simple moving average is $114.83.

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

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

Welltower 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.