Cassia Capital Partners LLC Makes New $1.06 Million Investment in Welltower Inc. $WELL

Cassia Capital Partners LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,585 shares of the real estate investment trust’s stock, valued at approximately $1,056,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC raised its stake in shares of Welltower by 3.3% in the 2nd quarter. Revolve Wealth Partners LLC now owns 1,392 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 45 shares during the period. Cornerstone Financial Management LLC lifted its holdings in shares of Welltower by 3.5% in the 2nd quarter. Cornerstone Financial Management LLC now owns 1,318 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 45 shares during the last quarter. Heritage Family Offices LLP lifted its holdings in shares of Welltower by 4.9% in the 3rd quarter. Heritage Family Offices LLP now owns 997 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 47 shares during the last quarter. Family Wealth Partners LLC lifted its holdings in shares of Welltower by 1.3% in the 2nd quarter. Family Wealth Partners LLC now owns 3,678 shares of the real estate investment trust’s stock worth $835,000 after acquiring an additional 48 shares during the last quarter. Finally, Natural Investments LLC lifted its holdings in shares of Welltower by 3.0% in the 2nd quarter. Natural Investments LLC now owns 1,673 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 48 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach purchased 5,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the completion of the purchase, the director directly owned 30,000 shares in the company, valued at approximately $7,261,800. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

WELL has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Morgan Stanley boosted their target price on Welltower from $215.00 to $251.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. BNP Paribas Exane upped their price target on Welltower from $238.00 to $272.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Scotiabank raised their price target on Welltower from $244.00 to $251.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company raised their price target on Welltower from $266.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $262.14.

Welltower Price Performance

WELL stock opened at $247.42 on Wednesday. The business’s 50-day moving average is $234.24 and its two-hundred day moving average is $220.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16. The firm has a market capitalization of $181.51 billion, a P/E ratio of 107.11, a P/E/G ratio of 1.18 and a beta of 0.79. Welltower Inc. has a 1 year low of $181.47 and a 1 year high of $255.20.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts anticipate that Welltower Inc. will post 6.51 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.85 per share. The ex-dividend date is Tuesday, November 10th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s payout ratio is presently 147.19%.

Welltower Company Profile

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.