Tidal Investments LLC Purchases 6,639 Shares of Welltower Inc. (NYSE:WELL)

Tidal Investments LLC lifted its stake in Welltower Inc. (NYSE:WELL - Free Report) by 46.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,016 shares of the real estate investment trust's stock after purchasing an additional 6,639 shares during the period. Tidal Investments LLC's holdings in Welltower were worth $2,691,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Welltower by 638.0% during the third 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 during the period. FMR LLC increased its stake in Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new stake in Welltower during the 2nd quarter worth approximately $254,977,000. Wellington Management Group LLP raised its holdings in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock worth $2,392,349,000 after buying an additional 1,797,330 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in Welltower by 24.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust's stock valued at $220,223,000 after buying an additional 417,046 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

WELL traded down $0.42 during trading on Monday, hitting $128.70. 2,168,784 shares of the stock traded hands, compared to its average volume of 2,684,725. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The business has a 50 day moving average price of $132.95 and a 200 day moving average price of $120.59. 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 $80.14 billion, a price-to-earnings ratio of 84.67, a PEG ratio of 2.88 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 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm 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 research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. Welltower's dividend payout ratio is 176.32%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company restated an "equal weight" rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Mizuho raised their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Raymond James lifted their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday. Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Finally, StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.63.

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.