Cerity Partners LLC Purchases 17,817 Shares of Welltower Inc. (NYSE:WELL)

Cerity Partners LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226,114 shares of the real estate investment trust's stock after acquiring an additional 17,817 shares during the quarter. Cerity Partners LLC's holdings in Welltower were worth $28,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Old North State Wealth Management LLC boosted its stake in shares of Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock valued at $1,648,000 after purchasing an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock valued at $1,231,000 after acquiring an additional 82 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust's stock worth $470,000 after buying an additional 94 shares during the period. Finally, GHP Investment Advisors Inc. raised its holdings in Welltower by 14.1% in the third quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust's stock worth $99,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price target on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $117.50.

Welltower Stock Performance

Shares of Welltower stock traded down $2.16 on Monday, reaching $135.75. 9,395,877 shares of the company traded hands, compared to its average volume of 2,689,375. 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 company has a 50 day moving average of $131.10 and a 200 day moving average of $117.11. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19. The firm has a market capitalization of $84.53 billion, a PE ratio of 89.31, a PEG ratio of 3.09 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last announced its 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). The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. Equities analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company 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. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. Welltower's dividend payout ratio is currently 176.32%.

Welltower 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.