Pacific Sun Financial Corp Grows Position in Welltower Inc (NYSE:WELL)

Pacific Sun Financial Corp increased its position in shares of Welltower Inc (NYSE:WELL) by 2.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,897 shares of the real estate investment trust’s stock after buying an additional 350 shares during the quarter. Welltower comprises 1.2% of Pacific Sun Financial Corp’s investment portfolio, making the stock its 22nd biggest holding. Pacific Sun Financial Corp’s holdings in Welltower were worth $1,260,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Blueprint LLC acquired a new stake in Welltower during the 3rd quarter worth approximately $27,000. Kings Point Capital Management acquired a new stake in Welltower during the 2nd quarter worth approximately $28,000. Quest Capital Management Inc. ADV acquired a new stake in Welltower during the 3rd quarter worth approximately $30,000. Venturi Wealth Management LLC acquired a new stake in Welltower during the 3rd quarter worth approximately $37,000. Finally, D Orazio & Associates Inc. acquired a new stake in Welltower during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 89.18% of the company’s stock.

Shares of WELL traded down $0.37 during mid-day trading on Friday, hitting $82.88. The company’s stock had a trading volume of 1,621,318 shares, compared to its average volume of 2,064,110. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $89.85 and a 200 day simple moving average of $84.97. The firm has a market capitalization of $34.67 billion, a P/E ratio of 20.57, a P/E/G ratio of 4.58 and a beta of 0.18. Welltower Inc has a 1-year low of $65.94 and a 1-year high of $93.17.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.20%. Welltower’s dividend payout ratio is currently 86.35%.

A number of research firms have weighed in on WELL. Stifel Nicolaus increased their price objective on Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. ValuEngine cut Welltower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley increased their price objective on Welltower from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 17th. Wood & Company reaffirmed an “average” rating on shares of Welltower in a research report on Thursday, August 22nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $86.00 price objective on shares of Welltower in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Welltower has a consensus rating of “Hold” and a consensus price target of $82.66.

Welltower 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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