Janney Montgomery Scott LLC Raises Stake in Welltower Inc. (NYSE:WELL)

Janney Montgomery Scott LLC boosted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,802 shares of the real estate investment trust's stock after acquiring an additional 12,599 shares during the quarter. Janney Montgomery Scott LLC's holdings in Welltower were worth $8,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Princeton Global Asset Management LLC lifted its holdings in Welltower by 136.9% in the third quarter. Princeton Global Asset Management LLC now owns 829 shares of the real estate investment trust's stock worth $106,000 after buying an additional 479 shares during the period. Farther Finance Advisors LLC boosted its stake in Welltower by 53.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,610 shares of the real estate investment trust's stock valued at $462,000 after purchasing an additional 1,261 shares during the last quarter. Focus Financial Network Inc. purchased a new stake in shares of Welltower during the 3rd quarter valued at about $212,000. Stephens Inc. AR raised its stake in Welltower by 57.1% during the 3rd quarter. Stephens Inc. AR now owns 10,610 shares of the real estate investment trust's stock valued at $1,358,000 after buying an additional 3,857 shares during the last quarter. Finally, Fairfield Financial Advisors LTD boosted its position in Welltower by 2.7% in the third quarter. Fairfield Financial Advisors LTD now owns 14,921 shares of the real estate investment trust's stock worth $1,910,000 after purchasing an additional 386 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 1.7 %

NYSE WELL traded up $2.34 during trading on Friday, hitting $139.26. The company's stock had a trading volume of 870,058 shares, compared to its average volume of 2,673,338. The company has a market cap of $86.72 billion, a PE ratio of 90.08, a P/E/G ratio of 2.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business's 50 day simple moving average is $128.26 and its 200-day simple moving average is $113.45. Welltower Inc. has a fifty-two week low of $84.38 and a fifty-two week high of $140.18.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. On average, equities analysts anticipate that Welltower Inc. will post 4.31 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank raised their target price 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 increased their target price on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Morgan Stanley boosted their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an "overweight" rating in a report on Thursday, July 11th. Finally, Wedbush lifted their price target on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.38.

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.