Benjamin Edwards Inc. lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 35.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,722 shares of the real estate investment trust's stock after buying an additional 5,132 shares during the quarter. Benjamin Edwards Inc.'s holdings in Welltower were worth $2,529,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Atom Investors LP lifted its position in shares of Welltower by 6.4% during the 3rd quarter. Atom Investors LP now owns 2,654 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 160 shares in the last quarter. Bamco Inc. NY boosted its position in shares of Welltower by 20.3% in the third quarter. Bamco Inc. NY now owns 974,759 shares of the real estate investment trust's stock worth $124,798,000 after purchasing an additional 164,685 shares during the period. Paloma Partners Management Co increased its stake in shares of Welltower by 187.9% in the third quarter. Paloma Partners Management Co now owns 17,017 shares of the real estate investment trust's stock worth $2,179,000 after purchasing an additional 11,106 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Welltower during the 3rd quarter valued at $59,000. Finally, Erste Asset Management GmbH bought a new position in Welltower in the 3rd quarter worth $3,462,000. 94.80% of the stock is owned by institutional investors.
Welltower Price Performance
WELL traded down $0.96 during trading on Thursday, reaching $132.64. The company's stock had a trading volume of 2,468,890 shares, compared to its average volume of 2,692,850. The firm has a fifty day simple moving average of $132.54 and a two-hundred day simple moving average of $119.04. The company has a market cap of $82.59 billion, a price-to-earnings ratio of 87.89, a PEG ratio of 2.98 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly 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 company 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 was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. As a group, analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.
Welltower Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.02%. Welltower's dividend payout ratio (DPR) is currently 176.32%.
Wall Street Analyst Weigh In
Several research firms have recently commented on WELL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Mizuho boosted their target price on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Evercore ISI increased their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $120.77.
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About Welltower
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Free Report)
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.
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