Thrivent Financial for Lutherans grew its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,881 shares of the real estate investment trust's stock after buying an additional 21,757 shares during the quarter. Thrivent Financial for Lutherans' holdings in Welltower were worth $18,294,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Burke & Herbert Bank & Trust Co. bought a new stake in Welltower during the second quarter worth about $674,000. Manning & Napier Advisors LLC purchased a new position in shares of Welltower during the 2nd quarter valued at about $14,766,000. Van Hulzen Asset Management LLC bought a new stake in Welltower in the 2nd quarter worth approximately $411,000. Atria Investments Inc boosted its stake in Welltower by 19.4% in the first quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust's stock worth $2,558,000 after buying an additional 4,444 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Welltower by 10.1% during the second 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 last quarter. 94.80% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on WELL shares. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Wolfe Research upgraded Welltower to a "strong-buy" rating in a report on Friday, August 9th. Wedbush increased their target price on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Finally, Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Welltower has an average rating of "Moderate Buy" and a consensus target price of $116.68.
Check Out Our Latest Research Report on WELL
Welltower Price Performance
Shares of Welltower stock opened at $137.45 on Thursday. The company has a market cap of $85.59 billion, a PE ratio of 90.43, a P/E/G ratio of 3.05 and a beta of 1.20. The business has a 50 day moving average of $130.76 and a 200 day moving average of $116.41. Welltower Inc. has a 52 week low of $85.40 and a 52 week 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 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.
Welltower Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.95%. Welltower's dividend payout ratio (DPR) is 176.32%.
Welltower 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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