Impax Asset Management Group plc lifted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,375 shares of the real estate investment trust's stock after acquiring an additional 6,927 shares during the period. Impax Asset Management Group plc's holdings in Welltower were worth $4,657,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. ING Groep NV acquired a new stake in Welltower in the third quarter valued at about $3,481,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Welltower by 15.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,636 shares of the real estate investment trust's stock valued at $2,258,000 after purchasing an additional 2,305 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Welltower by 19.2% during the 3rd quarter. Metis Global Partners LLC now owns 90,618 shares of the real estate investment trust's stock valued at $11,602,000 after purchasing an additional 14,619 shares during the last quarter. KBC Group NV increased its position in Welltower by 472.1% during the 3rd quarter. KBC Group NV now owns 222,005 shares of the real estate investment trust's stock worth $28,424,000 after purchasing an additional 183,200 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in Welltower in the 3rd quarter valued at approximately $393,000. 94.80% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on WELL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Wolfe Research raised Welltower to a "strong-buy" rating in a report on Friday, August 9th. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Scotiabank boosted their price target on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.68.
Read Our Latest Analysis on Welltower
Welltower Trading Up 1.2 %
Welltower stock traded up $1.60 during trading hours on Friday, reaching $136.02. 1,994,313 shares of the company's stock were exchanged, compared to its average volume of 2,678,506. The firm's 50 day simple moving average is $130.20 and its 200 day simple moving average is $115.38. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19. 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 capitalization of $84.70 billion, a PE ratio of 89.49, a PEG ratio of 3.03 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 3.20% and a net margin of 12.22%. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, November 13th. Welltower's payout ratio is 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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