Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Welltower Inc (NYSE:WELL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 368,201 shares of the real estate investment trust’s stock, valued at approximately $23,683,000.
A number of other institutional investors have also recently bought and sold shares of WELL. Conning Inc. acquired a new stake in shares of Welltower during the 3rd quarter valued at $478,000. Factory Mutual Insurance Co. boosted its stake in shares of Welltower by 2.3% during the 3rd quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock valued at $35,987,000 after buying an additional 12,500 shares during the period. Sheets Smith Wealth Management acquired a new stake in shares of Welltower during the 3rd quarter valued at $692,000. Shufro Rose & Co. LLC acquired a new stake in shares of Welltower during the 3rd quarter valued at $11,539,000. Finally, We Are One Seven LLC acquired a new stake in shares of Welltower during the 3rd quarter valued at $850,000. 84.92% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on WELL. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus set a $66.00 price target on shares of Welltower and gave the company a “buy” rating in a report on Monday, July 30th. MED raised their price target on shares of Welltower to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 31st. BMO Capital Markets restated a “hold” rating and set a $58.00 price target on shares of Welltower in a report on Monday, July 30th. Finally, Stephens restated a “buy” rating and set a $64.00 price target on shares of Welltower in a report on Tuesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Welltower currently has a consensus rating of “Hold” and a consensus target price of $64.21.
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 consensus estimate of $1.02 by ($0.85). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 EPS. Analysts anticipate that Welltower Inc will post 4.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 12th were issued a $0.87 dividend. The ex-dividend date was Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 5.04%. Welltower’s dividend payout ratio (DPR) is presently 82.66%.
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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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