Sentry Investment Management LLC purchased a new position in shares of Welltower Inc (NYSE:WELL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,590 shares of the real estate investment trust’s stock, valued at approximately $360,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in Welltower by 26.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,845 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 800 shares during the period. Windward Capital Management Co. CA boosted its stake in Welltower by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 37,679 shares of the real estate investment trust’s stock valued at $2,424,000 after purchasing an additional 830 shares during the period. Trust Co. of Vermont boosted its stake in Welltower by 76.5% during the 2nd quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 949 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Welltower by 5.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,867 shares of the real estate investment trust’s stock valued at $1,245,000 after purchasing an additional 975 shares during the period. Finally, Bogart Wealth LLC boosted its stake in Welltower by 4.1% during the 2nd quarter. Bogart Wealth LLC now owns 30,838 shares of the real estate investment trust’s stock valued at $1,933,000 after purchasing an additional 1,203 shares during the period. Institutional investors own 84.98% of the company’s stock.
WELL has been the subject of several recent analyst reports. BMO Capital Markets restated a “hold” rating and set a $58.00 target price on shares of Welltower in a research note on Monday, July 30th. ValuEngine raised Welltower from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Barclays assumed coverage on Welltower in a report on Tuesday, September 25th. They issued an “overweight” rating for the company. Stephens reissued a “buy” rating and issued a $64.00 target price on shares of Welltower in a report on Tuesday, July 31st. Finally, Morgan Stanley raised their price target on Welltower from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, August 16th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $64.21.
WELL stock opened at $69.48 on Friday. Welltower Inc has a fifty-two week low of $49.58 and a fifty-two week high of $69.85. The firm has a market cap of $25.96 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.17. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. Welltower had a net margin of 12.99% and a return on equity of 4.86%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, equities research analysts expect that Welltower Inc will post 4.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be given a $0.87 dividend. The ex-dividend date is Friday, November 9th. This represents a $3.48 dividend on an annualized basis and a yield of 5.01%. Welltower’s payout ratio is 82.66%.
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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