Mesirow Financial Investment Management Inc. Raises Stock Position in Welltower Inc. (NYSE:WELL)

Mesirow Financial Investment Management Inc. increased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 100.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,586 shares of the real estate investment trust's stock after acquiring an additional 4,297 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Welltower were worth $1,099,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First Foundation Advisors purchased a new stake in Welltower during the second quarter worth $26,000. TruNorth Capital Management LLC purchased a new stake in Welltower during the second quarter worth $27,000. Meeder Asset Management Inc. purchased a new stake in Welltower during the second quarter worth $30,000. Centerpoint Advisors LLC purchased a new position in Welltower during the second quarter valued at $31,000. Finally, Fortitude Family Office LLC lifted 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 valued at $37,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Trading Down 1.2 %

Shares of WELL traded down $1.67 during trading hours on Tuesday, hitting $135.96. 2,376,996 shares of the stock traded hands, compared to its average volume of 2,680,421. 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 1-year low of $84.38 and a 1-year high of $140.19. The firm has a market capitalization of $84.66 billion, a PE ratio of 90.57, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The business has a fifty day moving average of $129.28 and a 200-day moving average of $114.53.

Welltower (NYSE:WELL - Get Free Report) last released 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.92 EPS. Analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.97%. Welltower's payout ratio is 176.32%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent analyst reports. 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 research report on Friday, August 9th. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Wedbush upped their target price on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. 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 report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $116.68.

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.