Investment Management Corp of Ontario increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 57.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,816 shares of the real estate investment trust's stock after acquiring an additional 7,200 shares during the quarter. Investment Management Corp of Ontario's holdings in Welltower were worth $2,537,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC raised its position in 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 in the last quarter. Old North State Wealth Management LLC grew its position in Welltower by 0.6% during the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock valued at $1,648,000 after buying an additional 78 shares during the period. Frank Rimerman Advisors LLC increased its holdings in Welltower by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock valued at $1,231,000 after buying an additional 82 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of Welltower by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust's stock worth $470,000 after acquiring an additional 94 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in shares of Welltower by 14.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 96 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Welltower Stock Performance
WELL traded down $0.96 during trading on Thursday, hitting $132.64. 2,468,890 shares of the stock were exchanged, compared to its average volume of 2,692,850. The firm has a market capitalization of $82.59 billion, a P/E ratio of 87.26, a PEG ratio of 2.98 and a beta of 1.20. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The stock has a fifty day moving average price of $132.66 and a two-hundred day moving average price of $119.13. 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 released its quarterly 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). The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. As a group, sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.
Welltower Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's payout ratio is currently 176.32%.
Analyst Ratings Changes
WELL has been the topic of a number of recent analyst reports. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Wolfe Research upgraded Welltower to a "strong-buy" rating in a report on Friday, August 9th. Scotiabank raised their target price on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Finally, Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday. Five equities research 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 data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $120.77.
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About Welltower
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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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