Intech Investment Management LLC Has $8.59 Million Position in Welltower Inc. (NYSE:WELL)

Intech Investment Management LLC grew its position in Welltower Inc. (NYSE:WELL - Free Report) by 120.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,065 shares of the real estate investment trust's stock after purchasing an additional 36,580 shares during the quarter. Intech Investment Management LLC's holdings in Welltower were worth $8,586,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Foundation Advisors acquired a new stake in shares of Welltower in the second quarter worth $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower in the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower in the second quarter worth $30,000. Centerpoint Advisors LLC acquired a new stake in shares of Welltower in the second quarter worth $31,000. Finally, Fortitude Family Office LLC grew its stake in shares of Welltower by 37.0% in 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 during the last quarter. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WELL shares. Wells Fargo & Company reiterated an "equal weight" rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Royal Bank of Canada lifted their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Wedbush lifted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.68.

Welltower Price Performance

Shares of Welltower stock traded up $0.03 during trading on Friday, reaching $137.91. The company's stock had a trading volume of 1,539,610 shares, compared to its average volume of 2,659,483. The stock has a 50-day moving average price of $130.94 and a two-hundred day moving average price of $116.56. 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 Inc. has a one year low of $85.40 and a one year high of $140.19. The stock has a market capitalization of $85.88 billion, a P/E ratio of 90.43, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) 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 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 period in the prior year, the firm earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.94%. Welltower's dividend payout ratio 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.