Metis Global Partners LLC boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,618 shares of the real estate investment trust's stock after acquiring an additional 14,619 shares during the quarter. Metis Global Partners LLC's holdings in Welltower were worth $11,602,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WELL. Connors Investor Services Inc. lifted its stake in shares of Welltower by 10.6% during the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust's stock worth $10,999,000 after purchasing an additional 11,238 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Welltower by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock worth $507,771,000 after purchasing an additional 849,898 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Welltower by 147.9% during the first quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust's stock worth $2,083,000 after purchasing an additional 13,300 shares in the last quarter. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Welltower during the second quarter worth about $674,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Welltower during the second quarter worth about $14,766,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on WELL. Wolfe Research raised Welltower to a "strong-buy" rating in a report on Friday, August 9th. Scotiabank upped their target price on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 23rd. Wedbush increased their price objective on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Royal Bank of Canada upped 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. Finally, StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Five investment 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 company's stock. Based on data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $116.68.
Read Our Latest Stock Analysis on Welltower
Welltower Stock Performance
WELL stock traded down $0.53 during mid-day trading on Thursday, hitting $134.42. The company had a trading volume of 2,082,950 shares, compared to its average volume of 2,681,134. The firm has a market cap of $83.70 billion, a PE ratio of 88.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The stock's fifty day moving average price is $129.77 and its two-hundred day moving average price is $114.97.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the firm posted $0.92 EPS. Welltower's revenue was up 23.7% on a year-over-year basis. On average, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.99%. Welltower's dividend payout ratio (DPR) is presently 176.32%.
Welltower Company Profile
(
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.
Further Reading
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
