Welltower Inc. (NYSE:WELL) Shares Acquired by Friedenthal Financial

Friedenthal Financial grew its position in Welltower Inc. (NYSE:WELL - Free Report) by 1,231.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,337 shares of the real estate investment trust's stock after buying an additional 5,861 shares during the quarter. Friedenthal Financial's holdings in Welltower were worth $811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Valeo Financial Advisors LLC boosted its stake in shares of Welltower by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust's stock valued at $470,000 after acquiring an additional 94 shares during the last quarter. RDA Financial Network boosted its stake in shares of Welltower by 0.6% during the 2nd quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust's stock worth $1,685,000 after purchasing an additional 104 shares during the last quarter. Simplicity Wealth LLC grew its holdings in shares of Welltower by 0.9% during the second quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust's stock worth $1,267,000 after buying an additional 113 shares in the last quarter. Graypoint LLC raised its position in shares of Welltower by 4.8% in the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust's stock valued at $251,000 after buying an additional 122 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Welltower by 3.1% during the second quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust's stock valued at $423,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on WELL. Wolfe Research upgraded Welltower to a "strong-buy" rating in a report on Friday, August 9th. Scotiabank upped their target price on 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 reissued an "equal weight" rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Monday, October 7th. Finally, KeyCorp raised their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $115.38.

Welltower Trading Up 1.1 %

Shares of WELL stock traded up $1.50 during mid-day trading on Friday, reaching $132.24. The company's stock had a trading volume of 2,187,176 shares, compared to its average volume of 2,697,934. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $79.07 billion, a PE ratio of 163.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. The company's 50 day simple moving average is $124.22 and its 200-day simple moving average is $109.57. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $132.27.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. On average, research analysts predict that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a $0.67 dividend. The ex-dividend date was Monday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.03%. Welltower's dividend payout ratio is 330.86%.

About Welltower

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.