8,327 Welltower Inc. $WELL Shares Acquired by Walter Public Investments Inc.

Walter Public Investments Inc. grew its stake in Welltower Inc. (NYSE:WELL) by 32.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,222 shares of the real estate investment trust’s stock after purchasing an additional 8,327 shares during the quarter. Welltower comprises about 1.9% of Walter Public Investments Inc.’s holdings, making the stock its 22nd biggest holding. Walter Public Investments Inc.’s holdings in Welltower were worth $7,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WELL. RHL Group LLC lifted its position in shares of Welltower by 146.7% in the 3rd quarter. RHL Group LLC now owns 111 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 66 shares during the period. Kilter Group LLC purchased a new position in shares of Welltower during the second quarter valued at about $29,000. Solstein Capital LLC purchased a new position in shares of Welltower during the second quarter valued at about $34,000. Fulcrum Asset Management LLP purchased a new position in shares of Welltower during the third quarter valued at about $37,000. Finally, Summit Securities Group LLC increased its position in shares of Welltower by 42.6% during the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 49 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of $242.06 per share, with a total value of $1,210,300.00. Following the completion of the purchase, the director directly owned 30,000 shares of the company’s stock, valued at approximately $7,261,800. The trade was a 20.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is currently owned by company insiders.

Key Welltower News

Here’s some of the latest news about WELL:

• Positive Sentiment: UBS raised its price target to $289 from $269 and maintained a Buy rating, implying about 16.9% upside from the cited share price. UBS price target article
• Positive Sentiment: JPMorgan lifted its target to $273 from $260 and assigned an Overweight rating, indicating continued confidence in Welltower’s prospects. JPMorgan price target article
• Neutral Sentiment: A dividend analysis was published, but the provided headline does not give details or indicate a change to Welltower’s dividend outlook. Welltower dividend analysis

Analyst Ratings Changes

Several analysts have commented on the stock. BNP Paribas Exane raised their price objective on shares of Welltower from $238.00 to $272.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Evercore reaffirmed an “outperform” rating and set a $256.00 price objective (down from $260.00) on shares of Welltower in a research report on Monday, September 21st. Freedom Broker upgraded Welltower from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a report on Wednesday, October 28th. JPMorgan Chase & Co. upped their target price on Welltower from $260.00 to $273.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group raised Welltower to a “strong-buy” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.10.

Welltower Stock Performance

Shares of Welltower stock opened at $247.12 on Thursday. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $181.29 billion, a P/E ratio of 106.98, a P/E/G ratio of 1.18 and a beta of 0.79. The business has a fifty day simple moving average of $234.37 and a two-hundred day simple moving average of $220.56. Welltower Inc. has a 12 month low of $181.47 and a 12 month high of $255.20.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.64 billion. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The company’s revenue was up 38.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. On average, equities analysts forecast that Welltower Inc. will post 6.50 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is 147.19%.

Welltower Profile

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.