Welltower Inc. (NYSE:WELL) Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 26.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,022 shares of the real estate investment trust's stock after buying an additional 32,889 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Welltower were worth $20,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Vanguard Group Inc. increased its holdings in Welltower by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust's stock valued at $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors increased its holdings in Welltower by 26.4% in the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock valued at $2,731,842,000 after purchasing an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Welltower by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust's stock valued at $814,678,000 after purchasing an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock valued at $507,771,000 after purchasing an additional 849,898 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Welltower by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust's stock valued at $419,727,000 after buying an additional 139,430 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Down 0.9 %

WELL stock traded down $1.30 on Tuesday, hitting $136.33. 614,389 shares of the company were exchanged, compared to its average volume of 2,672,379. Welltower Inc. has a twelve month low of $84.38 and a twelve month high of $140.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business's fifty day moving average is $129.28 and its two-hundred day moving average is $114.53. The stock has a market capitalization of $84.89 billion, a price-to-earnings ratio of 90.57, a price-to-earnings-growth ratio of 3.10 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 the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company posted $0.92 EPS. The business's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current 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 paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. Welltower's dividend payout ratio (DPR) is 176.32%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WELL shares. Deutsche Bank Aktiengesellschaft raised their price target 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 raised shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Royal Bank of Canada lifted 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. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.