WINTON GROUP Ltd purchased a new stake in shares of Welltower Inc (NYSE:WELL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,306 shares of the real estate investment trust’s stock, valued at approximately $213,000.
A number of other hedge funds have also recently added to or reduced their stakes in WELL. Hartford Financial Management Inc. bought a new stake in Welltower during the third quarter valued at about $103,000. Hudock Capital Group LLC bought a new stake in Welltower during the third quarter valued at about $107,000. Synovus Financial Corp bought a new stake in Welltower during the third quarter valued at about $120,000. Whitnell & Co. bought a new stake in Welltower during the third quarter valued at about $197,000. Finally, Bremer Trust National Association bought a new stake in Welltower during the third quarter valued at about $205,000. Institutional investors own 84.92% of the company’s stock.
Several equities research analysts recently weighed in on WELL shares. Stifel Nicolaus set a $66.00 target price on shares of Welltower and gave the company a “buy” rating in a research note on Monday, July 30th. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets reiterated a “hold” rating and issued a $58.00 target price on shares of Welltower in a research note on Monday, July 30th. Stephens reiterated a “buy” rating and issued a $64.00 target price on shares of Welltower in a research note on Tuesday, July 31st. Finally, SunTrust Banks set a $64.00 target price on shares of Welltower and gave the company a “hold” rating in a research note on Monday, July 30th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.21.
Welltower (NYSE:WELL) last announced its quarterly earnings results 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 business had revenue of $1.24 billion for 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 firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, sell-side analysts anticipate that Welltower Inc will post 4.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, November 9th. Welltower’s dividend payout ratio is 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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