Sustainable Insight Capital Management LLC Buys New Shares in Welltower Inc. (NYSE:WELL)

Sustainable Insight Capital Management LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,400 shares of the real estate investment trust's stock, valued at approximately $563,000.

Several other institutional investors have also made changes to their positions in WELL. Vanguard Group Inc. boosted its stake in shares of Welltower by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust's stock valued at $8,333,716,000 after purchasing an additional 3,257,213 shares in the last quarter. Capital International Investors grew its stake in Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock worth $2,731,842,000 after buying an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust's stock worth $814,678,000 after buying an additional 62,942 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock valued at $507,771,000 after acquiring an additional 849,898 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Welltower by 12.4% in the 1st quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust's stock worth $414,229,000 after acquiring an additional 489,533 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the subject of a number of recent analyst reports. Wolfe Research raised Welltower to a "strong-buy" rating in a report on Friday, August 9th. Royal Bank of Canada raised their target price on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Evercore ISI upped their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Welltower has an average rating of "Moderate Buy" and a consensus price target of $116.68.

Welltower Stock Up 0.9 %

Shares of NYSE:WELL traded up $1.28 during trading on Friday, hitting $138.20. 2,485,014 shares of the company's stock traded hands, compared to its average volume of 2,305,937. The company has a 50-day moving average price of $128.94 and a 200-day moving average price of $114.08. Welltower Inc. has a 52 week low of $84.38 and a 52 week high of $140.19. 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 company has a market cap of $86.06 billion, a price-to-earnings ratio of 90.92, a price-to-earnings-growth ratio of 2.99 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. As a group, research analysts forecast that Welltower Inc. will post 4.31 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. Welltower's payout ratio is presently 176.32%.

Welltower Profile

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.