Wolverine Asset Management LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 7,176 shares of the real estate investment trust's stock, valued at approximately $919,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in Welltower in the 3rd quarter valued at about $50,000. Los Angeles Capital Management LLC boosted its holdings in Welltower by 0.7% in the third quarter. Los Angeles Capital Management LLC now owns 273,069 shares of the real estate investment trust's stock valued at $34,961,000 after purchasing an additional 1,820 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Welltower by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 457,596 shares of the real estate investment trust's stock valued at $58,586,000 after purchasing an additional 8,707 shares in the last quarter. Sigma Planning Corp increased its holdings in Welltower by 166.1% during the 3rd quarter. Sigma Planning Corp now owns 5,524 shares of the real estate investment trust's stock worth $707,000 after purchasing an additional 3,448 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Welltower by 126.3% in the 3rd quarter. Covestor Ltd now owns 602 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 336 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Stock Performance
NYSE:WELL traded down $0.28 during midday trading on Wednesday, reaching $135.01. 3,404,843 shares of the company traded hands, compared to its average volume of 2,683,721. The firm has a market capitalization of $84.07 billion, a price-to-earnings ratio of 88.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20. The company has a fifty day moving average price of $129.56 and a 200 day moving average price of $114.83. 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 twelve month low of $85.40 and a twelve month high of $140.19.
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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm posted $0.92 EPS. The business's revenue was up 23.7% compared to the same quarter last year. On average, analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. Welltower's payout ratio is currently 176.32%.
Analyst Ratings Changes
A number of analysts have recently weighed in on WELL shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Wedbush boosted their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Evercore ISI upped their target price 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. Wells Fargo & Company reiterated an "equal weight" rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.68.
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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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