Metropolitan Life Insurance Co NY Raises Holdings in Welltower Inc. (NYSE:WELL)

Metropolitan Life Insurance Co NY grew its stake in Welltower Inc. (NYSE:WELL) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 36,842 shares of the real estate investment trust’s stock after buying an additional 1,138 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Welltower were worth $2,980,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC acquired a new position in Welltower during the 4th quarter worth approximately $26,000. Covestor Ltd increased its holdings in Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 147 shares during the last quarter. Clear Street Markets LLC increased its holdings in Welltower by 188.5% in the fourth quarter. Clear Street Markets LLC now owns 577 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 377 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in Welltower by 105.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 602 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 309 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in Welltower by 30.5% during the 1st quarter. Belpointe Asset Management LLC now owns 984 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 230 shares during the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of WELL opened at $88.55 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.37 and a current ratio of 3.37. Welltower Inc. has a fifty-two week low of $62.62 and a fifty-two week high of $89.69. The firm has a 50-day simple moving average of $84.22 and a 200-day simple moving average of $81.66. The company has a market capitalization of $49.01 billion, a price-to-earnings ratio of 184.48, a price-to-earnings-growth ratio of 4.79 and a beta of 1.07.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.65). Welltower had a return on equity of 1.15% and a net margin of 3.94%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Welltower Inc. will post 3.61 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Tuesday, November 14th will be paid a $0.61 dividend. The ex-dividend date is Monday, November 13th. This represents a $2.44 annualized dividend and a yield of 2.76%. Welltower’s dividend payout ratio is currently 508.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays increased their price objective on Welltower from $82.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. JPMorgan Chase & Co. cut shares of Welltower from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Thursday, October 12th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Wells Fargo & Company lifted their price target on shares of Welltower from $93.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, November 13th. Finally, Mizuho upped their price objective on shares of Welltower from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $88.38.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.