The Manufacturers Life Insurance Company lessened its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 410,362 shares of the real estate investment trust's stock after selling 4,287 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Welltower worth $52,539,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Capital Square LLC purchased a new stake in shares of Welltower in the 3rd quarter valued at $594,000. Boston Family Office LLC boosted its holdings in Welltower by 1.6% in the third quarter. Boston Family Office LLC now owns 26,217 shares of the real estate investment trust's stock valued at $3,357,000 after purchasing an additional 416 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Welltower by 75.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 13,823 shares of the real estate investment trust's stock worth $1,769,000 after purchasing an additional 5,956 shares during the period. Prosperity Financial Group Inc. purchased a new position in shares of Welltower during the 3rd quarter valued at about $245,000. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Welltower by 24.6% in the 3rd quarter. Summit Trail Advisors LLC now owns 3,443 shares of the real estate investment trust's stock valued at $441,000 after buying an additional 679 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on WELL. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Evercore ISI increased their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, 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 research note on Monday. Five equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $117.50.
Get Our Latest Research Report on Welltower
Welltower Price Performance
Welltower stock traded down $1.12 during midday trading on Friday, reaching $138.18. The company had a trading volume of 2,149,194 shares, compared to its average volume of 2,691,050. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The company has a market capitalization of $86.04 billion, a P/E ratio of 91.65, a P/E/G ratio of 3.12 and a beta of 1.20. The firm's fifty day simple moving average is $131.98 and its 200-day simple moving average is $117.95.
Welltower (NYSE:WELL - Get Free Report) last released 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter last year, the business earned $0.92 EPS. The business's revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.
Welltower Announces Dividend
The firm also recently announced 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 of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.94%. Welltower's dividend payout ratio (DPR) is presently 176.32%.
Welltower Company Profile
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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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