Welltower Inc. (NYSE:WELL) Shares Bought by Covestor Ltd

Covestor Ltd boosted its holdings in Welltower Inc. (NYSE:WELL) by 126.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 602 shares of the real estate investment trust’s stock after acquiring an additional 336 shares during the period. Covestor Ltd’s holdings in Welltower were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WELL. Capital International Investors boosted its position in 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 acquiring an additional 6,104,064 shares during the period. Zimmer Partners LP bought a new stake in shares of Welltower during the 1st quarter worth about $309,917,000. Vanguard Group Inc. lifted its stake in shares of Welltower by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after acquiring an additional 3,257,213 shares during the period. Duff & Phelps Investment Management Co. bought a new position in shares of Welltower in the second quarter valued at approximately $254,977,000. Finally, Centersquare Investment Management LLC increased its stake in shares of Welltower by 19.0% during 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 acquiring an additional 849,898 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Down 0.2 %

Shares of NYSE:WELL opened at $135.01 on Thursday. The firm has a 50 day simple moving average of $129.56 and a 200 day simple moving average of $114.83. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $84.07 billion, a PE ratio of 88.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) 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 quarter in the previous year, the company earned $0.92 EPS. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. Welltower’s dividend payout ratio is 176.32%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WELL. Scotiabank upped their target price on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Evercore ISI raised their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wedbush raised their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $116.68.

Welltower Profile

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.