Catalytic Wealth RIA LLC Buys 5,829 Shares of Welltower Inc. (NYSE:WELL)

Catalytic Wealth RIA LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 61.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,371 shares of the real estate investment trust's stock after buying an additional 5,829 shares during the quarter. Catalytic Wealth RIA LLC's holdings in Welltower were worth $1,968,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WELL. Vanguard Group Inc. grew its holdings in shares of Welltower by 3.8% during the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust's stock valued at $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors grew its position in Welltower by 26.4% in the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock worth $2,731,842,000 after purchasing an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Welltower by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust's stock worth $814,678,000 after purchasing an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC raised its position in Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock worth $507,771,000 after acquiring an additional 849,898 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Welltower by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust's stock valued at $419,727,000 after purchasing an additional 139,430 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Down 0.2 %

Shares of Welltower stock traded down $0.29 during midday trading on Monday, reaching $137.91. 820,026 shares of the company's stock traded hands, compared to its average volume of 2,672,424. 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 Inc. has a 52 week low of $84.38 and a 52 week high of $140.19. The company's 50 day simple moving average is $128.94 and its 200 day simple moving average is $114.23. The company has a market cap of $85.88 billion, a price-to-earnings ratio of 90.92, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last announced 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). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $0.92 EPS. Welltower's quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts expect that Welltower Inc. will post 4.3 earnings per share 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower's payout ratio is 176.32%.

Analysts Set New Price Targets

Several research firms recently commented on WELL. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Wedbush increased their price target on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Scotiabank boosted their price objective on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a report on Monday, September 23rd. Evercore ISI raised their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Finally, Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Five 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. According to data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and an average target price of $116.68.

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.