Duff & Phelps Investment Management Co. raised its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,537,296 shares of the real estate investment trust's stock after acquiring an additional 91,469 shares during the period. Welltower makes up 3.7% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 3rd largest position. Duff & Phelps Investment Management Co. owned about 0.41% of Welltower worth $324,850,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of WELL. Wedmont Private Capital lifted its holdings in shares of Welltower by 33.3% during the 2nd quarter. Wedmont Private Capital now owns 6,872 shares of the real estate investment trust's stock worth $716,000 after acquiring an additional 1,716 shares during the last quarter. M&G Plc bought a new stake in Welltower during the second quarter worth about $331,000. Burke & Herbert Bank & Trust Co. purchased a new position in shares of Welltower in the 2nd quarter worth about $674,000. Friedenthal Financial bought a new position in shares of Welltower during the 2nd quarter valued at about $50,000. Finally, Diversified Trust Co raised its holdings in shares of Welltower by 141.1% during the 2nd quarter. Diversified Trust Co now owns 9,534 shares of the real estate investment trust's stock valued at $994,000 after buying an additional 5,579 shares in the last quarter. Institutional investors own 94.80% of the company's stock.
Welltower Trading Down 1.5 %
Shares of Welltower stock traded down $1.92 during trading on Monday, reaching $129.45. 3,764,629 shares of the stock were exchanged, compared to its average volume of 2,695,734. 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 firm has a market cap of $80.61 billion, a price-to-earnings ratio of 86.13, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The stock's fifty day moving average is $132.74 and its 200 day moving average is $119.59.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter last year, the business posted $0.92 EPS. The company's quarterly revenue was up 23.7% compared to the same quarter last year. As a group, equities research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Wednesday, November 13th. Welltower's payout ratio is currently 176.32%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on WELL. Scotiabank upped their target price on Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 25th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.77.
Read Our Latest Stock Report on WELL
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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