Braun Stacey Associates Inc. Grows Position in Welltower Inc. (NYSE:WELL)

Braun Stacey Associates Inc. grew its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 253,734 shares of the real estate investment trust's stock after acquiring an additional 12,152 shares during the period. Welltower accounts for 1.2% of Braun Stacey Associates Inc.'s portfolio, making the stock its 20th largest holding. Braun Stacey Associates Inc.'s holdings in Welltower were worth $32,486,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WELL. TrinityPoint Wealth LLC raised its position in shares of Welltower by 252.9% during the 3rd quarter. TrinityPoint Wealth LLC now owns 10,068 shares of the real estate investment trust's stock valued at $1,289,000 after purchasing an additional 7,215 shares during the period. Swiss National Bank raised its position in shares of Welltower by 5.4% during the 3rd quarter. Swiss National Bank now owns 1,774,700 shares of the real estate investment trust's stock valued at $227,215,000 after purchasing an additional 90,400 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Welltower by 18.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 142,881 shares of the real estate investment trust's stock valued at $18,294,000 after purchasing an additional 21,757 shares during the period. WESPAC Advisors SoCal LLC bought a new stake in shares of Welltower during the 3rd quarter valued at $3,040,000. Finally, Natixis Advisors LLC grew its stake in Welltower by 6.9% during the third quarter. Natixis Advisors LLC now owns 335,559 shares of the real estate investment trust's stock valued at $42,961,000 after acquiring an additional 21,559 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Scotiabank raised their target price 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Evercore ISI raised their target price on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Finally, Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.68.

Welltower Trading Up 0.5 %

Shares of WELL stock traded up $0.71 during trading hours on Monday, reaching $136.73. 745,434 shares of the stock were exchanged, compared to its average volume of 2,669,629. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $130.20 and its 200-day moving average price is $115.67. The firm has a market capitalization of $85.14 billion, a price-to-earnings ratio of 89.17, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20.

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

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower's dividend payout ratio is presently 176.32%.

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.