FSA Wealth Management LLC Makes New Investment in Welltower Inc. (NYSE:WELL)

FSA Wealth Management LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELL) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 461 shares of the real estate investment trust’s stock, valued at approximately $59,000.

Several other hedge funds have also recently modified their holdings of WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after buying an additional 5,982,711 shares during the last quarter. FMR LLC boosted its position in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after acquiring an additional 3,977,845 shares during the last quarter. Duff & Phelps Investment Management Co. bought a new position in shares of Welltower during the 2nd quarter valued at approximately $254,977,000. Canada Pension Plan Investment Board grew its holdings in shares of Welltower by 24.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock valued at $220,223,000 after purchasing an additional 417,046 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Welltower by 11.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock worth $373,126,000 after purchasing an additional 291,839 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Welltower stock opened at $138.18 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market capitalization of $86.04 billion, a PE ratio of 90.91, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a 50 day moving average price of $132.24 and a 200-day moving average price of $118.48. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75.

Welltower (NYSE:WELL) last issued 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. 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. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

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.