Sumitomo Mitsui Trust Group Inc. increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,914,363 shares of the real estate investment trust's stock after purchasing an additional 291,839 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.47% of Welltower worth $373,126,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Connors Investor Services Inc. grew its holdings in shares of Welltower by 10.6% in the 1st quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust's stock valued at $10,999,000 after buying an additional 11,238 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of 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 acquiring an additional 849,898 shares in the last quarter. Intech Investment Management LLC lifted its stake in Welltower by 147.9% in the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust's stock valued at $2,083,000 after purchasing an additional 13,300 shares during the last quarter. Burke & Herbert Bank & Trust Co. acquired a new stake in Welltower in the 2nd quarter valued at about $674,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Welltower in the 2nd quarter valued at about $14,766,000. Institutional investors own 94.80% of the company's stock.
Welltower Price Performance
Shares of NYSE WELL traded down $1.19 during midday trading on Tuesday, reaching $136.44. 925,487 shares of the company were exchanged, compared to its average volume of 2,673,800. The stock's 50-day moving average price is $129.28 and its 200-day moving average price is $114.53. The stock has a market cap of $84.96 billion, a P/E ratio of 90.57, a PEG ratio of 3.10 and a beta of 1.20. Welltower Inc. has a one year low of $84.38 and a one year high of $140.19. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.
Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 the consensus estimate of $1.95 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business's quarterly revenue was up 23.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.96%. Welltower's dividend payout ratio is 176.32%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. 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 restated an "equal weight" rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wedbush raised their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Royal Bank of Canada raised 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, Deutsche Bank Aktiengesellschaft lifted 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. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.68.
Read Our Latest Research Report on WELL
Welltower Company Profile
(
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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