Welltower Inc. (NYSE:WELL) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its position in Welltower Inc. (NYSE:WELL) by 5.2% during the 2nd quarter, Holdings Channel reports. The fund owned 2,748,062 shares of the real estate investment trust’s stock after acquiring an additional 134,611 shares during the quarter. Sei Investments Co.’s holdings in Welltower were worth $286,487,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WELL. First Foundation Advisors acquired a new stake in Welltower in the second quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in Welltower in the first quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new stake in Welltower in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the second quarter valued at approximately $30,000. Finally, Manchester Capital Management LLC raised its holdings in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $125.27 on Friday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $74.90 billion, a PE ratio of 154.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The company’s 50 day simple moving average is $117.54 and its 200-day simple moving average is $104.59. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $131.31.

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

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.14%. Welltower’s dividend payout ratio (DPR) is 330.86%.

Analyst Upgrades and Downgrades

WELL has been the topic of several analyst reports. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Wells Fargo & Company increased their price target on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Wedbush increased their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Scotiabank increased their price target on shares of Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 7th. Finally, KeyCorp increased their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Four equities research 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 company. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

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.