Atria Investments Inc Has $4.49 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Atria Investments Inc grew its position in Welltower Inc. (NYSE:WELL) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,072 shares of the real estate investment trust’s stock after purchasing an additional 5,927 shares during the quarter. Atria Investments Inc’s holdings in Welltower were worth $4,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Connors Investor Services Inc. boosted its position in shares of Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after acquiring an additional 11,238 shares during the period. Centersquare Investment Management LLC raised its stake in Welltower by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after purchasing an additional 849,898 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Welltower by 147.9% in the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock valued at $2,083,000 after purchasing an additional 13,300 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new stake in Welltower in the 2nd quarter worth $674,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Welltower during the second quarter valued at about $14,766,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the topic of several research reports. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Evercore ISI boosted 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. Scotiabank raised their target price on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Wedbush boosted 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, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Stock Performance

NYSE WELL opened at $135.96 on Wednesday. The firm has a market cap of $84.66 billion, a price-to-earnings ratio of 90.57, a PEG ratio of 3.10 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 1-year low of $84.38 and a 1-year high of $140.19. The company has a 50 day moving average of $129.28 and a 200-day moving average of $114.53.

Welltower (NYSE:WELL) last released its quarterly 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). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. On average, equities analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

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.