Sanctuary Advisors LLC increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 82.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,586 shares of the real estate investment trust's stock after buying an additional 69,228 shares during the period. Sanctuary Advisors LLC's holdings in Welltower were worth $21,181,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in shares of Welltower in the 2nd quarter worth $50,000. Envestnet Portfolio Solutions Inc. grew its holdings in Welltower by 3.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,659 shares of the real estate investment trust's stock worth $2,258,000 after acquiring an additional 790 shares in the last quarter. Silver Lake Advisory LLC purchased a new position in Welltower during the 2nd quarter valued at about $325,000. Assenagon Asset Management S.A. increased its position in Welltower by 3.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 17,231 shares of the real estate investment trust's stock valued at $1,796,000 after purchasing an additional 583 shares during the period. Finally, Triad Wealth Partners LLC bought a new stake in shares of Welltower in the 2nd quarter valued at about $137,000. Institutional investors own 94.80% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on WELL. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Mizuho raised their price objective on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Finally, Scotiabank boosted their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Five research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.77.
Read Our Latest Stock Report on Welltower
Welltower Stock Performance
WELL stock traded up $0.66 during trading on Friday, reaching $129.10. The company had a trading volume of 551,684 shares, compared to its average volume of 2,680,904. The company has a market cap of $80.39 billion, a price-to-earnings ratio of 84.53, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a 50-day simple moving average of $132.88 and a 200-day simple moving average of $120.12.
Welltower (NYSE:WELL - Get Free Report) last released its earnings results 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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm earned $0.92 EPS. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, sell-side analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.
Welltower Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, November 13th. Welltower's payout ratio is presently 176.32%.
Welltower Company Profile
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Free Report)
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.
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