Welltower Inc. (NYSE:WELL) Shares Acquired by Balboa Wealth Partners

Balboa Wealth Partners boosted its position in shares of Welltower Inc. (NYSE:WELL) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,106 shares of the real estate investment trust’s stock after purchasing an additional 583 shares during the period. Balboa Wealth Partners’ holdings in Welltower were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC grew its holdings in Welltower by 2.8% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 321,519 shares of the real estate investment trust’s stock worth $49,260,000 after acquiring an additional 8,807 shares in the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of Welltower in the 1st quarter valued at about $319,000. Legacy Advisors LLC boosted its holdings in shares of Welltower by 7.8% in the 1st quarter. Legacy Advisors LLC now owns 1,844 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 134 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Welltower by 4.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,191,416 shares of the real estate investment trust’s stock valued at $182,537,000 after buying an additional 47,753 shares during the period. Finally, Valmark Advisers Inc. boosted its holdings in shares of Welltower by 19.9% in the 1st quarter. Valmark Advisers Inc. now owns 2,316 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 384 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Welltower stock opened at $154.05 on Tuesday. The firm’s 50 day simple moving average is $149.96 and its 200-day simple moving average is $143.12. The company has a market cap of $100.74 billion, a P/E ratio of 88.53, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. Welltower Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. As a group, equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Wednesday, May 14th. Welltower’s payout ratio is 154.02%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Evercore ISI lifted their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, Royal Bank Of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $163.75.

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.