Commonwealth Bank of Australia bought a new position in Welltower Inc (NYSE:WELL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 39,274 shares of the real estate investment trust’s stock, valued at approximately $2,519,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WELL. PGGM Investments bought a new stake in shares of Welltower in the 3rd quarter worth $449,854,000. Wells Fargo & Company MN bought a new stake in shares of Welltower in the 3rd quarter worth $441,605,000. Daiwa Securities Group Inc. bought a new stake in shares of Welltower in the 3rd quarter worth $403,081,000. JPMorgan Chase & Co. bought a new stake in shares of Welltower in the 3rd quarter worth $176,871,000. Finally, Prudential Financial Inc. bought a new stake in shares of Welltower in the 3rd quarter worth $151,993,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.
Several analysts have recently issued reports on WELL shares. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Barclays started coverage on shares of Welltower in a research note on Tuesday, September 25th. They issued an “overweight” rating for the company. MED upped their target price on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. Goldman Sachs Group initiated coverage on shares of Welltower in a research note on Monday, August 6th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, BMO Capital Markets restated a “hold” rating and set a $58.00 price target on shares of Welltower in a research report on Monday, July 30th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.21.
Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.16 billion. Welltower had a net margin of 12.99% and a return on equity of 4.86%. Welltower’s quarterly revenue 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. Analysts predict that Welltower Inc will post 4.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 4.95%. Welltower’s payout ratio is currently 82.66%.
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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