Prestige Wealth Management Group LLC Acquires 7,529 Shares of Welltower Inc. (NYSE:WELL)

Prestige Wealth Management Group LLC grew its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 8,365.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,619 shares of the real estate investment trust's stock after purchasing an additional 7,529 shares during the period. Prestige Wealth Management Group LLC's holdings in Welltower were worth $975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WELL. Wellington Management Group LLP lifted its holdings in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the last quarter. FMR LLC grew its position in Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Welltower by 0.8% during the 2nd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Welltower by 638.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock valued at $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Welltower by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust's stock valued at $776,657,000 after purchasing an additional 46,332 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WELL. Wells Fargo & Company reiterated an "equal weight" rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price 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. Scotiabank raised their price target on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Finally, StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Five 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.77.

Welltower Trading Up 0.4 %

Shares of WELL stock traded up $0.58 on Tuesday, reaching $130.03. 1,037,785 shares of the stock were exchanged, compared to its average volume of 2,688,829. The stock has a 50 day moving average price of $132.77 and a 200 day moving average price of $119.80. The stock has a market cap of $80.97 billion, a PE ratio of 85.16, a P/E/G ratio of 2.95 and a beta of 1.20. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Wednesday, November 13th. Welltower's dividend payout ratio is currently 176.32%.

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.