ING Groep NV bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,191 shares of the real estate investment trust's stock, valued at approximately $3,481,000.
A number of other large investors have also recently bought and sold shares of the stock. First Foundation Advisors purchased a new stake in shares of Welltower during the second quarter worth about $26,000. TruNorth Capital Management LLC acquired a new position in Welltower in the 2nd quarter valued at $27,000. Meeder Asset Management Inc. purchased a new position in shares of Welltower during the 2nd quarter worth $30,000. Fortitude Family Office LLC boosted its holdings in shares of 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. Finally, Centerpoint Advisors LLC purchased a new stake in shares of Welltower in the second quarter valued at $31,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Trading Up 1.2 %
NYSE:WELL opened at $136.02 on Friday. The business's 50-day moving average is $130.20 and its two-hundred day moving average is $115.52. The firm has a market capitalization of $84.70 billion, a PE ratio of 89.49, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.
Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. Research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower's payout ratio is 176.32%.
Analyst Ratings Changes
Several equities analysts recently weighed in on WELL shares. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $116.68.
Get Our Latest Stock Analysis on Welltower
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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