HighTower Advisors LLC Has $11.23 Million Position in Welltower Inc. (NYSE:WELL)

HighTower Advisors LLC lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,588 shares of the real estate investment trust's stock after purchasing an additional 20,445 shares during the period. HighTower Advisors LLC's holdings in Welltower were worth $11,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in WELL. Burke & Herbert Bank & Trust Co. acquired a new stake in Welltower in the second quarter valued at $674,000. Van Hulzen Asset Management LLC purchased a new stake in Welltower in the 2nd quarter valued at approximately $411,000. American Century Companies Inc. raised its holdings in Welltower by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust's stock valued at $146,448,000 after acquiring an additional 129,270 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Welltower by 93.8% during the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust's stock worth $2,365,000 after buying an additional 8,940 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. acquired a new stake in shares of Welltower during the 2nd quarter worth $254,977,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WELL shares. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Scotiabank raised their price objective on Welltower from $133.00 to $142.00 and gave the company 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 target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Finally, Mizuho raised their price target on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday. Five 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $120.77.

Welltower Stock Down 0.9 %

Shares of Welltower stock traded down $1.24 on Friday, reaching $131.37. 2,304,762 shares of the company were exchanged, compared to its average volume of 2,654,453. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company has a market capitalization of $81.80 billion, a price-to-earnings ratio of 86.43, a PEG ratio of 3.00 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $132.74 and a 200 day moving average of $119.59.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results 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 net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The company's quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current 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 paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is currently 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.