Harvest Fund Management Co. Ltd Buys 5,956 Shares of Welltower Inc. (NYSE:WELL)

Harvest Fund Management Co. Ltd grew its position in Welltower Inc. (NYSE:WELL - Free Report) by 75.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,823 shares of the real estate investment trust's stock after buying an additional 5,956 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Welltower were worth $1,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WELL. Fortitude Family Office LLC raised its stake in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Old North State Wealth Management LLC lifted its stake in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock valued at $1,648,000 after purchasing an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock valued at $1,231,000 after purchasing an additional 82 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Welltower by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust's stock valued at $470,000 after buying an additional 94 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in shares of Welltower by 14.1% during the third quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust's stock worth $99,000 after buying an additional 96 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

NYSE WELL traded up $3.21 on Tuesday, hitting $138.96. 2,821,888 shares of the stock traded hands, compared to its average volume of 2,690,527. 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 business's fifty day moving average is $131.47 and its two-hundred day moving average is $117.65. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The firm has a market capitalization of $86.53 billion, a price-to-earnings ratio of 91.42, a PEG ratio of 3.09 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. As a group, equities analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

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 $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 dividend yield of 1.93%. Welltower's dividend payout ratio (DPR) is currently 176.32%.

Analyst Ratings Changes

WELL has been the topic of several analyst reports. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Wedbush increased their price target on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Wolfe Research raised Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research report on Friday, August 9th. Finally, Scotiabank boosted their price target on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a research report on Monday. Five research 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, Welltower currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.50.

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.