Welltower Inc. (NYSE:WELL) Stock Holdings Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in Welltower Inc. (NYSE:WELL) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,573 shares of the real estate investment trust’s stock after acquiring an additional 2,223 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Welltower were worth $4,021,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Foundation Advisors acquired a new stake in Welltower during the second quarter worth about $26,000. Rise Advisors LLC bought a new position in shares of Welltower during the first quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the 2nd quarter worth approximately $30,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Scotiabank raised their target price on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 7th. KeyCorp boosted their price target on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Evercore ISI increased their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

Welltower Price Performance

WELL opened at $129.15 on Tuesday. The firm has a market capitalization of $78.67 billion, a P/E ratio of 159.44, a PEG ratio of 2.97 and a beta of 1.21. The stock has a fifty day moving average of $115.79 and a 200-day moving average of $103.81. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $131.31.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. Equities analysts forecast that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 annualized dividend and a yield of 2.08%. Welltower’s dividend payout ratio is 330.86%.

About Welltower

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.