Chemical Bank purchased a new position in shares of Welltower Inc (NYSE:WELL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,300 shares of the real estate investment trust’s stock, valued at approximately $534,000.
A number of other large investors have also recently added to or reduced their stakes in WELL. PGGM Investments acquired a new stake in shares of Welltower in the 3rd quarter valued at approximately $449,854,000. Wells Fargo & Company MN acquired a new stake in shares of Welltower in the 3rd quarter valued at approximately $441,605,000. Daiwa Securities Group Inc. acquired a new stake in shares of Welltower in the 3rd quarter valued at approximately $403,081,000. Principal Financial Group Inc. acquired a new stake in shares of Welltower in the 1st quarter valued at approximately $308,744,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Welltower in the 3rd quarter valued at approximately $118,411,000. 84.98% of the stock is owned by hedge funds and other institutional investors.
WELL opened at $69.48 on Friday. Welltower Inc has a 1-year low of $49.58 and a 1-year high of $69.85. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $25.96 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 2.89 and a beta of 0.17.
Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.85). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $1.08 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Welltower Inc will post 4.05 earnings per share for the current 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 dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, November 9th. Welltower’s payout ratio is 82.66%.
Several research firms have recently commented on WELL. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Stifel Nicolaus set a $66.00 price target on Welltower and gave the company a “buy” rating in a research note on Monday, July 30th. MED increased their price target on Welltower to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. SunTrust Banks increased their price target on Welltower to $72.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $58.00 price target on shares of Welltower in a research note on Monday, July 30th. 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 has a consensus rating of “Hold” and an average price target of $64.21.
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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