Stifel Financial Corp grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,874 shares of the real estate investment trust's stock after buying an additional 23,585 shares during the quarter. Stifel Financial Corp's holdings in Welltower were worth $24,694,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Wedmont Private Capital lifted its position in shares of Welltower by 33.3% during the second quarter. Wedmont Private Capital now owns 6,872 shares of the real estate investment trust's stock worth $716,000 after purchasing an additional 1,716 shares in the last quarter. M&G Plc acquired a new position in shares of Welltower during the second quarter worth $331,000. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Welltower during the second quarter worth $674,000. Friedenthal Financial acquired a new stake in Welltower in the second quarter valued at $50,000. Finally, Diversified Trust Co raised its holdings in Welltower by 141.1% in the second quarter. Diversified Trust Co now owns 9,534 shares of the real estate investment trust's stock valued at $994,000 after acquiring an additional 5,579 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on WELL shares. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Wells Fargo & Company reaffirmed 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 upped their price target on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Scotiabank upped their price target on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Finally, Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.77.
Check Out Our Latest Stock Report on WELL
Welltower Stock Performance
Shares of Welltower stock traded down $1.92 during trading on Monday, hitting $129.45. 3,764,629 shares of the stock were exchanged, compared to its average volume of 2,695,734. The stock's fifty day moving average is $132.74 and its 200 day moving average is $119.59. The stock has a market cap of $80.61 billion, a PE ratio of 86.13, a P/E/G ratio of 2.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75.
Welltower (NYSE:WELL - Get Free Report) last released 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). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.
Welltower Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors 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 2.07%. Welltower's dividend payout ratio is presently 176.32%.
About Welltower
(
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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