Raymond James & Associates Acquires 42,018 Shares of Welltower Inc. (NYSE:WELL)

Raymond James & Associates boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 478,207 shares of the real estate investment trust's stock after purchasing an additional 42,018 shares during the period. Raymond James & Associates owned about 0.08% of Welltower worth $61,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Welltower by 3.8% during the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust's stock worth $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors lifted its stake in Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock worth $2,731,842,000 after purchasing an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust's stock worth $814,678,000 after purchasing an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in 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 during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Welltower by 12.4% during the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust's stock worth $414,229,000 after purchasing an additional 489,533 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company restated an "equal weight" rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. KeyCorp increased their price target on Welltower from $95.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 2nd. Scotiabank increased their price target on Welltower from $121.00 to $133.00 and gave the company a "sector outperform" rating in a research note on Monday, September 23rd. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Finally, Wedbush increased their price target on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.38.

Welltower Trading Up 0.0 %

Welltower stock traded up $0.03 during trading hours on Tuesday, reaching $130.09. 1,411,448 shares of the company's stock were exchanged, compared to its average volume of 2,690,272. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm's 50 day simple moving average is $124.74 and its 200 day simple moving average is $110.25. Welltower Inc. has a twelve month low of $80.80 and a twelve month high of $132.54. The firm has a market capitalization of $77.78 billion, a PE ratio of 160.60, a PEG ratio of 2.87 and a beta of 1.21.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.90 EPS. The business's revenue was up 9.6% compared to the same quarter last year. Research analysts predict that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a dividend of $0.67 per share. This is an increase from Welltower's previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Monday, August 12th. Welltower's dividend payout ratio (DPR) is presently 330.86%.

Welltower Company 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.