Swedbank AB Acquires 17,554 Shares of Welltower Inc. (NYSE:WELL)

Swedbank AB boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 646,046 shares of the real estate investment trust's stock after acquiring an additional 17,554 shares during the quarter. Swedbank AB owned 0.10% of Welltower worth $82,713,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WELL. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Welltower in the 2nd quarter worth approximately $674,000. Manning & Napier Advisors LLC acquired a new position in shares of Welltower during the 2nd quarter valued at $14,766,000. Van Hulzen Asset Management LLC acquired a new position in shares of Welltower during the 2nd quarter valued at $411,000. Atria Investments Inc lifted its position in shares of Welltower by 19.4% during the 1st quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust's stock valued at $2,558,000 after acquiring an additional 4,444 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Welltower by 10.1% during the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust's stock valued at $146,448,000 after acquiring an additional 129,270 shares during the period. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Wedbush boosted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Wells Fargo & Company restated an "equal weight" rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Scotiabank upped their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a report on Monday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $117.50.

Welltower Stock Down 1.6 %

Shares of NYSE WELL traded down $2.16 during trading on Monday, hitting $135.75. The stock had a trading volume of 9,395,877 shares, compared to its average volume of 2,689,375. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The company has a market capitalization of $84.53 billion, a PE ratio of 89.31, a PEG ratio of 3.09 and a beta of 1.20. The firm has a fifty day moving average of $131.24 and a two-hundred day moving average of $117.37.

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 (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion during 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 business's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.97%. Welltower's 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.