Welltower Inc. (NYSE:WELL) Shares Acquired by Pitcairn Co.

Pitcairn Co. raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 130.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,513 shares of the real estate investment trust's stock after purchasing an additional 3,689 shares during the period. Pitcairn Co.'s holdings in Welltower were worth $834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingsview Wealth Management LLC raised its stake in shares of Welltower by 4.2% during the third quarter. Kingsview Wealth Management LLC now owns 4,966 shares of the real estate investment trust's stock worth $636,000 after buying an additional 200 shares during the last quarter. Cerity Partners LLC raised its position in Welltower by 8.6% during the third quarter. Cerity Partners LLC now owns 226,114 shares of the real estate investment trust's stock worth $28,949,000 after acquiring an additional 17,817 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Welltower by 22.3% in the third quarter. Great Valley Advisor Group Inc. now owns 4,386 shares of the real estate investment trust's stock valued at $562,000 after purchasing an additional 800 shares during the period. Covenant Asset Management LLC raised its position in shares of Welltower by 10.2% in the third quarter. Covenant Asset Management LLC now owns 2,713 shares of the real estate investment trust's stock valued at $347,000 after purchasing an additional 250 shares during the period. Finally, Raymond James Trust N.A. increased its position in Welltower by 10.2% during the third quarter. Raymond James Trust N.A. now owns 27,183 shares of the real estate investment trust's stock worth $3,480,000 after acquiring an additional 2,517 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

WELL traded down $2.16 during trading on Monday, hitting $135.75. The company's stock had a trading volume of 9,395,877 shares, compared to its average volume of 2,689,375. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The business's fifty day simple moving average is $131.24 and its 200 day simple moving average is $117.37. The firm has a market capitalization of $84.53 billion, a price-to-earnings ratio of 89.31, a P/E/G ratio of 3.09 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data 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). 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 analysts' expectations of $1.95 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The business's quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. Welltower's dividend payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WELL shares. Wedbush raised their price target on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Scotiabank boosted their price objective on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.50.

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.