Childress Capital Advisors LLC Acquires New Holdings in Welltower Inc. (NYSE:WELL)


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Childress Capital Advisors LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELL) during the fourth quarter, HoldingsChannel reports. The fund acquired 799 shares of the real estate investment trust’s stock, valued at approximately $52,000.

Other institutional investors also recently modified their holdings of the company. Reby Advisors LLC bought a new position in Welltower in the fourth quarter worth approximately $30,000. CX Institutional increased its stake in shares of Welltower by 121.7% in the fourth quarter. CX Institutional now owns 490 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 269 shares in the last quarter. Albion Financial Group UT purchased a new stake in shares of Welltower in the fourth quarter worth $41,000. Graves Light Private Wealth Management Inc. purchased a new stake in shares of Welltower in the fourth quarter worth $42,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Welltower by 75.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 699 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 89.24% of the company’s stock.

Shares of WELL opened at $75.20 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $31.39 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 5.10 and a beta of 0.87. The company has a 50-day moving average of $71.26 and a 200 day moving average of $63.56. Welltower Inc. has a 1-year low of $36.08 and a 1-year high of $76.00.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 9th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.38). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Welltower had a net margin of 26.20% and a return on equity of 8.64%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. On average, equities analysts anticipate that Welltower Inc. will post 3.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Monday, February 22nd were paid a dividend of $0.61 per share. The ex-dividend date was Friday, February 19th. This represents a $2.44 annualized dividend and a dividend yield of 3.24%. Welltower’s dividend payout ratio (DPR) is presently 58.65%.

A number of brokerages have recently issued reports on WELL. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Welltower from $71.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, January 26th. Bank of America raised shares of Welltower from a “neutral” rating to a “buy” rating and raised their target price for the company from $73.00 to $78.00 in a research note on Tuesday, March 30th. Barclays raised their target price on shares of Welltower from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Welltower from a “neutral” rating to an “overweight” rating and set a $71.00 price objective for the company in a research note on Monday, December 21st. Finally, Mizuho lifted their price objective on shares of Welltower from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $62.50.

Welltower Company Profile

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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