Point72 Asset Management L.P. Grows Position in Welltower Inc. (NYSE:WELL)

Point72 Asset Management L.P. grew its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 677.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,535 shares of the real estate investment trust's stock after purchasing an additional 90,211 shares during the quarter. Point72 Asset Management L.P.'s holdings in Welltower were worth $13,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. IHT Wealth Management LLC increased its holdings in Welltower by 28.2% during the third quarter. IHT Wealth Management LLC now owns 6,550 shares of the real estate investment trust's stock valued at $838,000 after buying an additional 1,442 shares during the last quarter. Investment Management Corp of Ontario increased its stake in shares of Welltower by 57.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 19,816 shares of the real estate investment trust's stock worth $2,537,000 after purchasing an additional 7,200 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Welltower by 30.4% in the 3rd quarter. HighTower Advisors LLC now owns 87,588 shares of the real estate investment trust's stock worth $11,232,000 after purchasing an additional 20,445 shares in the last quarter. Centiva Capital LP raised its holdings in Welltower by 269.8% in the 3rd quarter. Centiva Capital LP now owns 19,903 shares of the real estate investment trust's stock worth $2,548,000 after purchasing an additional 14,521 shares during the period. Finally, Beck Capital Management LLC purchased a new position in Welltower during the third quarter valued at $2,450,000. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WELL. Evercore ISI upped their price target on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Mizuho increased their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday. Wolfe Research raised shares of Welltower to a "strong-buy" rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.77.

Welltower Price Performance

Shares of WELL stock traded down $1.24 during trading hours on Friday, hitting $131.37. The stock had a trading volume of 2,304,762 shares, compared to its average volume of 2,654,453. 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 stock has a market capitalization of $81.80 billion, a price-to-earnings ratio of 86.40, a PEG ratio of 3.00 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 50-day moving average price is $132.66 and its two-hundred day moving average price is $119.13.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 during the quarter, compared to analysts' expectations of $1.95 billion. During the same period last year, the business posted $0.92 earnings per share. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

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

About Welltower

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.