Wellington Management Group LLP raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,685,844 shares of the real estate investment trust's stock after acquiring an additional 1,797,330 shares during the quarter. Wellington Management Group LLP owned approximately 3.00% of Welltower worth $2,392,349,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock worth $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. FMR LLC increased its stake in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock valued at $1,847,289,000 after buying an additional 3,977,845 shares during the period. Duff & Phelps Investment Management Co. bought a new position in Welltower in the 2nd quarter valued at approximately $254,977,000. Canada Pension Plan Investment Board boosted its position in Welltower by 24.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust's stock worth $220,223,000 after buying an additional 417,046 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Welltower by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust's stock valued at $373,126,000 after acquiring an additional 291,839 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Stock Down 0.9 %
Shares of NYSE WELL traded down $1.24 during trading on Friday, hitting $131.37. 2,304,762 shares of the company traded hands, compared to its average volume of 2,654,453. The business's fifty day moving average is $132.66 and its 200 day moving average is $119.13. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. 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 firm has a market capitalization of $81.80 billion, a price-to-earnings ratio of 86.40, a P/E/G ratio of 3.00 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm posted $0.92 EPS. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. Equities research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given 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 2.04%. Welltower's payout ratio is 176.32%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on WELL shares. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Wolfe Research upgraded Welltower to a "strong-buy" rating in a report on Friday, August 9th. Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Wells Fargo & Company restated an "equal weight" rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Evercore ISI upped their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Welltower has an average rating of "Moderate Buy" and an average target price of $120.77.
Check Out Our Latest Stock Report on WELL
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.
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