Bamco Inc. NY Raises Position in Welltower Inc. (NYSE:WELL)

Bamco Inc. NY raised its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 20.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 974,759 shares of the real estate investment trust's stock after acquiring an additional 164,685 shares during the period. Bamco Inc. NY owned approximately 0.16% of Welltower worth $124,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Foundation Advisors bought a new stake in Welltower in the second quarter worth $26,000. TruNorth Capital Management LLC bought a new stake in Welltower during the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in Welltower in the second quarter worth $30,000. Fortitude Family Office LLC grew its holdings in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 78 shares during the period. Finally, Centerpoint Advisors LLC purchased a new position in Welltower during the second quarter valued at $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WELL. Wedbush raised their price target on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Wells Fargo & Company reissued an "equal weight" rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Royal Bank of Canada raised their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Friday, August 9th. Finally, Evercore ISI increased their price target on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $117.50.

Welltower Stock Performance

WELL stock traded down $4.43 during midday trading on Monday, reaching $133.75. The stock had a trading volume of 1,466,438 shares, compared to its average volume of 2,685,049. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The stock has a market cap of $83.28 billion, a PE ratio of 90.91, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a fifty day simple moving average of $132.24 and a two-hundred day simple moving average of $118.48.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, equities research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.00%. Welltower's payout ratio is 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.