Vestcor Inc lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,167 shares of the real estate investment trust's stock after purchasing an additional 6,685 shares during the period. Vestcor Inc's holdings in Welltower were worth $16,921,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in WELL. First Foundation Advisors acquired a new position in shares of Welltower in the 2nd quarter valued at $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower in the second quarter worth about $27,000. Meeder Asset Management Inc. purchased a new position in shares of Welltower in the second quarter worth approximately $30,000. Centerpoint Advisors LLC acquired a new stake in shares of Welltower during the second quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 78 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on WELL shares. Wells Fargo & Company reiterated 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. Scotiabank lifted their price target on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Mizuho upped their price target on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Five equities 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.77.
Check Out Our Latest Research Report on Welltower
Welltower Stock Down 0.1 %
WELL traded down $0.18 during midday trading on Tuesday, hitting $129.27. 2,552,785 shares of the company's stock traded hands, compared to its average volume of 2,695,437. 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 cap of $80.50 billion, a PE ratio of 85.05, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The stock's fifty day simple moving average is $132.77 and its 200-day simple moving average is $119.80.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm posted $0.92 EPS. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.07%. Welltower's dividend payout ratio (DPR) is currently 176.32%.
Welltower 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.
See Also
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
