Welltower Inc. (NYSE:WELL) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 5.4% during the second quarter, HoldingsChannel reports. The fund owned 120,005 shares of the real estate investment trust’s stock after buying an additional 6,148 shares during the period. Amalgamated Bank’s holdings in Welltower were worth $12,511,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital International Investors grew its stake in shares of Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after purchasing an additional 6,104,064 shares during the period. Vanguard Group Inc. boosted its holdings in Welltower by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock worth $7,748,369,000 after buying an additional 5,173,079 shares in the last quarter. Zimmer Partners LP acquired a new position in Welltower during the first quarter worth about $309,917,000. Centersquare Investment Management LLC increased its holdings in Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after buying an additional 849,898 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Welltower during the 1st quarter valued at approximately $66,905,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Scotiabank upped their price target on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 7th. Morgan Stanley raised their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wedbush boosted their price objective 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. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Welltower Stock Performance

Shares of WELL opened at $127.66 on Thursday. The company’s 50 day simple moving average is $116.70 and its 200 day simple moving average is $104.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The company has a market capitalization of $76.33 billion, a price-to-earnings ratio of 157.60, a PEG ratio of 2.97 and a beta of 1.21. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $131.31.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a $0.67 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio (DPR) is 330.86%.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.