144,519 Shares in Welltower Inc. (NYSE:WELL) Acquired by Weiss Asset Management LP

Weiss Asset Management LP acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 144,519 shares of the real estate investment trust's stock, valued at approximately $18,503,000.

A number of other large investors have also modified their holdings of the company. CWM LLC raised its holdings in Welltower by 8.7% in the 2nd quarter. CWM LLC now owns 14,915 shares of the real estate investment trust's stock worth $1,555,000 after purchasing an additional 1,194 shares during the period. Simplicity Wealth LLC lifted its position in shares of Welltower by 0.9% during the 2nd quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust's stock valued at $1,267,000 after buying an additional 113 shares in the last quarter. QRG Capital Management Inc. grew its stake in Welltower by 4.8% in the 2nd quarter. QRG Capital Management Inc. now owns 55,333 shares of the real estate investment trust's stock valued at $5,768,000 after acquiring an additional 2,547 shares during the period. Bruce G. Allen Investments LLC increased its holdings in Welltower by 123.0% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 765 shares of the real estate investment trust's stock worth $80,000 after acquiring an additional 422 shares in the last quarter. Finally, Carr Financial Group Corp acquired a new position in Welltower during the second quarter worth $235,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WELL shares. Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Scotiabank lifted their price objective on Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Mizuho increased their target price on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday. 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 research note on Tuesday, October 1st. Finally, Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $120.77.

Welltower Trading Down 1.1 %

Shares of Welltower stock traded down $1.48 during trading hours on Friday, hitting $131.13. The company's stock had a trading volume of 1,155,816 shares, compared to its average volume of 2,685,644. The firm has a fifty day moving average of $132.66 and a 200-day moving average of $119.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The stock has a market cap of $81.65 billion, a price-to-earnings ratio of 85.88, a P/E/G ratio of 2.98 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Research analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Wednesday, November 13th. Welltower's payout ratio is 176.32%.

Welltower 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.