Crossmark Global Holdings Inc. acquired a new stake in Welltower Inc (NYSE:WELL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,713 shares of the real estate investment trust’s stock, valued at approximately $1,847,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WELL. PGGM Investments acquired a new position in Welltower in the 3rd quarter valued at $449,854,000. Wells Fargo & Company MN acquired a new position in Welltower in the 3rd quarter valued at $441,605,000. Daiwa Securities Group Inc. acquired a new position in Welltower in the 3rd quarter valued at $403,081,000. JPMorgan Chase & Co. acquired a new position in Welltower in the 3rd quarter valued at $176,871,000. Finally, Prudential Financial Inc. acquired a new position in Welltower in the 3rd quarter valued at $151,993,000. 84.92% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on WELL. SunTrust Banks set a $64.00 price objective on shares of Welltower and gave the company a “hold” rating in a research note on Monday, July 30th. TheStreet cut shares of Welltower from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Royal Bank of Canada set a $63.00 price objective on shares of Welltower and gave the company a “hold” rating in a research note on Tuesday, July 31st. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, MED boosted their price objective on shares of Welltower to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $64.21.
Welltower (NYSE:WELL) last issued 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 company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. Welltower’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Analysts forecast that Welltower Inc will post 4.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $3.48 annualized dividend and a dividend yield of 4.99%. 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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