KBC Group NV Has $28.42 Million Stake in Welltower Inc. (NYSE:WELL)

KBC Group NV increased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 472.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,005 shares of the real estate investment trust's stock after acquiring an additional 183,200 shares during the period. KBC Group NV's holdings in Welltower were worth $28,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in WELL. First Foundation Advisors bought a new stake in Welltower in the second quarter valued at about $26,000. TruNorth Capital Management LLC bought a new position in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the 2nd quarter valued at $30,000. Centerpoint Advisors LLC acquired a new position in Welltower during the second quarter worth $31,000. Finally, Fortitude Family Office LLC increased its position in shares of Welltower by 37.0% during the 3rd 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 in the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WELL. Royal Bank of Canada raised 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Finally, Evercore ISI upped their target price on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.68.

Welltower Stock Up 1.2 %

Shares of NYSE:WELL traded up $1.60 during trading on Friday, hitting $136.02. 1,994,313 shares of the company's stock traded hands, compared to its average volume of 2,678,506. 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 price of $130.20 and a 200-day moving average price of $115.38. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19. The company has a market cap of $84.70 billion, a price-to-earnings ratio of 89.49, a price-to-earnings-growth ratio of 3.03 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results 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 firm 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 revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is currently 176.32%.

About Welltower

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.