Friedenthal Financial Purchases 5,861 Shares of Welltower Inc. (NYSE:WELL)

Friedenthal Financial boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 1,231.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,337 shares of the real estate investment trust’s stock after purchasing an additional 5,861 shares during the period. Friedenthal Financial’s holdings in Welltower were worth $811,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in shares of Welltower in the 1st quarter valued at $175,000. Rise Advisors LLC acquired a new position in shares of Welltower during the 1st quarter valued at about $27,000. Wedmont Private Capital raised its stake in shares of Welltower by 2.4% in the 1st quarter. Wedmont Private Capital now owns 5,156 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 123 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Welltower by 6.6% in the 1st quarter. Park Avenue Securities LLC now owns 12,178 shares of the real estate investment trust’s stock worth $1,138,000 after purchasing an additional 756 shares during the last quarter. Finally, Marcum Wealth LLC boosted its position in Welltower by 13.7% during the first quarter. Marcum Wealth LLC now owns 3,211 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 387 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WELL has been the topic of several research analyst reports. Morgan Stanley raised their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Scotiabank increased their price objective on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research report on Monday, September 23rd. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wedbush increased 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. Finally, KeyCorp raised their price target 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Trading Up 1.1 %

Shares of WELL stock opened at $132.24 on Friday. 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 company has a market capitalization of $79.07 billion, a P/E ratio of 163.26, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $132.27. The firm has a 50-day moving average price of $124.22 and a 200 day moving average price of $109.44.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion during 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 business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. Research analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s payout ratio is currently 330.86%.

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.