Foster Victor Wealth Advisors LLC increased its position in shares of Welltower Inc (NYSE:WELL) by 103.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,999 shares of the real estate investment trust’s stock after purchasing an additional 15,728 shares during the quarter. Welltower accounts for about 1.6% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Foster Victor Wealth Advisors LLC’s holdings in Welltower were worth $2,838,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WELL. Kings Point Capital Management bought a new stake in Welltower in the second quarter valued at $28,000. Gradient Investments LLC lifted its stake in Welltower by 590.3% in the second quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 425 shares during the last quarter. Advisory Alpha LLC bought a new stake in Welltower in the first quarter valued at $45,000. Duncker Streett & Co. Inc. lifted its stake in Welltower by 27.6% in the second quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 128 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Welltower by 95.8% in the second quarter. Valeo Financial Advisors LLC now owns 603 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 89.26% of the company’s stock.
Shares of NYSE WELL traded down $0.32 during midday trading on Friday, reaching $91.28. 83,885 shares of the company traded hands, compared to its average volume of 1,924,602. Welltower Inc has a 52 week low of $60.93 and a 52 week high of $92.50. The stock has a 50-day moving average price of $89.60 and a 200 day moving average price of $83.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $36.95 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 5.53 and a beta of 0.21.
Welltower (NYSE:WELL) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Welltower’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts expect that Welltower Inc will post 4.16 EPS for the current year.
A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on Welltower from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, September 17th. ValuEngine cut Welltower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James cut Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price on the stock. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Stifel Nicolaus raised their target price on Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Wood & Company reiterated an “average” rating on shares of Welltower in a research note on Thursday, August 22nd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.77.
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.
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