Impax Asset Management Group plc Acquires 6,927 Shares of Welltower Inc. (NYSE:WELL)

Impax Asset Management Group plc grew its stake in Welltower Inc. (NYSE:WELL - Free Report) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,375 shares of the real estate investment trust's stock after buying an additional 6,927 shares during the quarter. Impax Asset Management Group plc's holdings in Welltower were worth $4,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings 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 purchasing an additional 78 shares during the last quarter. Old North State Wealth Management LLC boosted its holdings in Welltower by 0.6% during the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock worth $1,648,000 after purchasing an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock worth $1,231,000 after purchasing an additional 82 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Welltower by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust's stock worth $470,000 after purchasing an additional 94 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in 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 purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

WELL has been the subject of several recent research reports. Scotiabank increased their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Finally, Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.38.

Welltower Stock Performance

NYSE WELL traded down $1.45 during trading on Wednesday, reaching $133.67. The company's stock had a trading volume of 2,914,931 shares, compared to its average volume of 2,684,879. The firm has a 50 day moving average price of $128.01 and a 200 day moving average price of $113.31. Welltower Inc. has a 12 month low of $84.38 and a 12 month high of $139.80. The firm has a market capitalization of $83.23 billion, a price-to-earnings ratio of 88.89, a price-to-earnings-growth ratio of 2.91 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.

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

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is 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.