Connor Clark & Lunn Investment Management Ltd. bought a new position in Welltower Inc. (NYSE:WELL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,693 shares of the real estate investment trust's stock, valued at approximately $1,497,000.
Other large investors also recently modified their holdings of the company. First Foundation Advisors bought a new position in Welltower in the 2nd quarter worth $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower in the 2nd quarter worth $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower during the 2nd quarter valued at about $30,000. Fortitude Family Office LLC boosted its holdings in shares of Welltower by 37.0% in the 3rd 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 shares of Welltower during the 2nd quarter worth about $31,000. Institutional investors own 94.80% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Evercore ISI raised their target price on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Wolfe Research raised shares of Welltower to a "strong-buy" rating in a report on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Finally, Scotiabank upped their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a report on Monday. Five research 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.50.
Read Our Latest Report on Welltower
Welltower Stock Performance
WELL traded up $0.34 on Wednesday, hitting $139.30. 3,338,608 shares of the company traded hands, compared to its average volume of 2,682,692. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The company has a 50 day moving average of $131.47 and a 200-day moving average of $117.65. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $86.74 billion, a PE ratio of 91.61, a PEG ratio of 3.04 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 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 analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.
Welltower Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, November 13th. Welltower's payout ratio is currently 176.32%.
About Welltower
(
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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