Lido Advisors LLC Raises Stake in Welltower Inc. (NYSE:WELL)

Lido Advisors LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.9% during the 1st quarter, HoldingsChannel reports. The firm owned 6,280 shares of the real estate investment trust’s stock after purchasing an additional 175 shares during the period. Lido Advisors LLC’s holdings in Welltower were worth $450,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WELL. Norges Bank purchased a new position in Welltower during the 4th quarter worth $277,156,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Welltower by 48.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,839,861 shares of the real estate investment trust’s stock worth $829,712,000 after acquiring an additional 4,177,256 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Welltower by 39.7% in the 1st quarter. JPMorgan Chase & Co. now owns 7,454,178 shares of the real estate investment trust’s stock worth $533,943,000 after acquiring an additional 2,117,434 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Welltower by 16.9% in the 4th quarter. Principal Financial Group Inc. now owns 13,996,469 shares of the real estate investment trust’s stock worth $904,452,000 after acquiring an additional 2,023,355 shares during the period. Finally, PGGM Investments lifted its stake in shares of Welltower by 28.5% in the 1st quarter. PGGM Investments now owns 8,474,356 shares of the real estate investment trust’s stock worth $607,018,000 after acquiring an additional 1,878,667 shares during the period. 90.69% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the stock. Capital One Financial upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 21st. Zacks Investment Research upgraded shares of Welltower from a “strong sell” rating to a “hold” rating and set a $80.00 target price for the company in a research note on Monday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 3rd. Evercore ISI upgraded shares of Welltower from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $77.00 to $86.00 in a research note on Monday, June 14th. Finally, Scotiabank upgraded shares of Welltower from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the company from $68.00 to $83.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Welltower has a consensus rating of “Buy” and an average price target of $73.59.

Shares of WELL opened at $83.46 on Friday. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $34.85 billion, a PE ratio of 47.69, a P/E/G ratio of 6.00 and a beta of 1.04. The business’s 50-day simple moving average is $76.27. Welltower Inc. has a 12-month low of $48.04 and a 12-month high of $83.83.

Welltower (NYSE:WELL) last announced its earnings results on Wednesday, April 28th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.58). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Welltower had a return on equity of 5.66% and a net margin of 16.82%. The business’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. Research analysts predict that Welltower Inc. will post 3.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Stockholders of record on Tuesday, May 11th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.92%. Welltower’s dividend payout ratio (DPR) is presently 68.54%.

About Welltower

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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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