Stevens Capital Management LP Makes New Investment in Welltower Inc. (NYSE:WELL)

Stevens Capital Management LP purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 36,148 shares of the real estate investment trust's stock, valued at approximately $4,628,000. Welltower comprises 0.7% of Stevens Capital Management LP's investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Fortitude Family Office LLC increased its position in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 78 shares during the period. Old North State Wealth Management LLC grew its position in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock worth $1,648,000 after purchasing an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock worth $1,231,000 after purchasing an additional 82 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Welltower by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust's stock valued at $470,000 after buying an additional 94 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Welltower by 14.1% in the third quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 96 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the topic of several research reports. Scotiabank boosted their price target on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Wells Fargo & Company restated an "equal weight" rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Mizuho raised their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.77.

Welltower Price Performance

Shares of Welltower stock traded down $0.98 during mid-day trading on Thursday, reaching $132.61. 2,368,005 shares of the stock were exchanged, compared to its average volume of 2,692,420. The company has a market cap of $82.57 billion, a price-to-earnings ratio of 87.89, a price-to-earnings-growth ratio of 2.98 and a beta of 1.20. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a 50-day simple moving average of $132.54 and a 200 day simple moving average of $119.04.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business's revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's payout ratio is presently 176.32%.

About Welltower

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.