Wellington Shields Capital Management LLC Takes $367,000 Position in Welltower Inc (WELL)

Wellington Shields Capital Management LLC bought a new stake in Welltower Inc (NYSE:WELL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,700 shares of the real estate investment trust’s stock, valued at approximately $367,000.

Other institutional investors have also recently bought and sold shares of the company. Hartford Financial Management Inc. acquired a new stake in Welltower in the third quarter valued at $103,000. Hudock Capital Group LLC acquired a new stake in Welltower in the third quarter valued at $107,000. Synovus Financial Corp acquired a new stake in Welltower in the third quarter valued at $120,000. FTB Advisors Inc. acquired a new stake in Welltower in the third quarter valued at $131,000. Finally, Trust Co. of Vermont grew its holdings in Welltower by 76.5% in the second quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 949 shares during the last quarter. 84.98% of the stock is currently owned by institutional investors.

WELL opened at $69.48 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. The firm has a market cap of $25.96 billion, a P/E ratio of 17.06, a P/E/G ratio of 2.89 and a beta of 0.17. Welltower Inc has a 52 week low of $49.58 and a 52 week high of $69.85.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.85). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.16 billion. Welltower had a net margin of 12.99% and a return on equity of 4.86%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. Equities analysts predict that Welltower Inc will post 4.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Friday, November 9th. Welltower’s payout ratio is currently 82.66%.

Several analysts have weighed in on WELL shares. TheStreet raised Welltower from a “c+” rating to a “b” rating in a report on Friday, July 13th. Stifel Nicolaus set a $66.00 target price on Welltower and gave the company a “buy” rating in a report on Monday, July 30th. Stephens reissued a “buy” rating and issued a $64.00 target price on shares of Welltower in a report on Tuesday, July 31st. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, SunTrust Banks upped their target price on Welltower to $72.00 and gave the company a “hold” rating in a report on Wednesday, October 31st. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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