Beck Capital Management LLC Invests $2.45 Million in Welltower Inc. (NYSE:WELL)

Beck Capital Management LLC bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 19,138 shares of the real estate investment trust's stock, valued at approximately $2,450,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Foundation Advisors acquired a new position in Welltower during the 2nd quarter worth $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in shares of Welltower during the second quarter worth about $30,000. Centerpoint Advisors LLC purchased a new stake in shares of Welltower during the second quarter worth approximately $31,000. Finally, 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 last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL traded down $4.15 during mid-day trading on Monday, reaching $134.03. 2,412,612 shares of the company's stock were exchanged, compared to its average volume of 2,689,850. The business's fifty day simple moving average is $132.24 and its 200-day simple moving average is $118.48. The stock has a market capitalization of $83.46 billion, a PE ratio of 88.18, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

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

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's dividend payout ratio is presently 176.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Scotiabank increased their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. 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. Finally, StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.50.

Welltower Company 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.