Stock Traders Buy High Volume of Welltower Call Options (WELL)

Welltower Inc (NYSE:WELL) saw some unusual options trading activity on Wednesday. Stock traders acquired 12,823 call options on the stock. This represents an increase of approximately 2,475% compared to the average daily volume of 498 call options.

A number of hedge funds have recently made changes to their positions in WELL. PGGM Investments acquired a new stake in Welltower in the third quarter valued at $449,854,000. Wells Fargo & Company MN acquired a new stake in Welltower in the third quarter valued at $441,605,000. Daiwa Securities Group Inc. acquired a new stake in Welltower in the third quarter valued at $403,081,000. Principal Financial Group Inc. acquired a new stake in Welltower in the first quarter valued at $308,744,000. Finally, JPMorgan Chase & Co. acquired a new stake in Welltower in the third quarter valued at $176,871,000. Hedge funds and other institutional investors own 84.98% of the company’s stock.

Shares of WELL opened at $69.10 on Thursday. Welltower has a 12 month low of $49.58 and a 12 month high of $69.85. The firm has a market cap of $25.96 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 2.89 and a beta of 0.17. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.16 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, equities research analysts predict that Welltower will post 4.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Friday, November 9th. Welltower’s dividend payout ratio is currently 82.66%.

Several research firms have recently weighed in on WELL. MED upped their price target on shares of Welltower to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 31st. SunTrust Banks upped their price target on shares of Welltower to $72.00 and gave the company a “hold” rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. TheStreet cut shares of Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Finally, Barclays assumed coverage on shares of Welltower in a report on Tuesday, September 25th. They set an “overweight” rating for the company. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Welltower presently has an average rating of “Hold” and a consensus price target of $64.21.

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Welltower Company Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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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