Red Cedar Investment Management LLC Purchases 15,547 Shares of Welltower Inc. (NYSE:WELL)

Red Cedar Investment Management LLC raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 209.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 22,986 shares of the real estate investment trust's stock after acquiring an additional 15,547 shares during the period. Red Cedar Investment Management LLC's holdings in Welltower were worth $2,943,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Equity Group Inc. bought a new position in Welltower in the 3rd quarter valued at about $221,000. QRG Capital Management Inc. lifted its holdings in shares of Welltower by 23.5% in the third quarter. QRG Capital Management Inc. now owns 68,348 shares of the real estate investment trust's stock valued at $8,751,000 after purchasing an additional 13,015 shares in the last quarter. National Pension Service lifted its holdings in shares of Welltower by 18.9% in the third quarter. National Pension Service now owns 1,385,292 shares of the real estate investment trust's stock valued at $177,359,000 after purchasing an additional 220,201 shares in the last quarter. Old North State Wealth Management LLC raised its position in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock valued at $1,648,000 after buying an additional 78 shares during the last quarter. Finally, BSW Wealth Partners lifted its stake in Welltower by 21.2% during the 3rd quarter. BSW Wealth Partners now owns 2,433 shares of the real estate investment trust's stock valued at $311,000 after acquiring an additional 426 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Price Performance

NYSE WELL traded up $1.04 during trading hours on Monday, hitting $134.31. The company had a trading volume of 2,110,692 shares, compared to its average volume of 2,685,344. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.07 and a current ratio of 4.10. The firm has a market capitalization of $83.63 billion, a price-to-earnings ratio of 88.36, a PEG ratio of 2.94 and a beta of 1.20. Welltower Inc. has a 52 week low of $84.38 and a 52 week high of $139.80. The firm has a 50 day simple moving average of $127.71 and a 200 day simple moving average of $113.00.

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). The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower's revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. Equities research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.00%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

WELL has been the subject of a number of research analyst reports. Wedbush increased their price target on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Morgan Stanley boosted their target price on shares of Welltower from $103.00 to $107.50 and gave the company an "overweight" rating in a research note on Thursday, July 11th. Finally, Scotiabank raised their price target on shares of Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.38.

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.