Andra AP fonden bought a new stake in Welltower Inc (NYSE:WELL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 103,800 shares of the real estate investment trust’s stock, valued at approximately $6,676,000.
Several other institutional investors and hedge funds have also recently modified their holdings of WELL. Principal Financial Group Inc. bought a new stake in shares of Welltower in the first quarter valued at $308,744,000. Verition Fund Management LLC bought a new stake in shares of Welltower in the first quarter valued at $360,000. Millennium Management LLC purchased a new position in shares of Welltower in the first quarter valued at $785,000. Atlantic Trust Group LLC purchased a new position in shares of Welltower in the first quarter valued at $124,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Welltower in the first quarter valued at $3,579,000. Hedge funds and other institutional investors own 85.05% of the company’s stock.
Welltower stock opened at $64.47 on Friday. Welltower Inc has a 52 week low of $49.58 and a 52 week high of $69.80. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $23.61 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.25.
Welltower (NYSE:WELL) last posted its earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.58). Welltower had a return on equity of 4.95% and a net margin of 13.64%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Welltower Inc will post 4.03 earnings per share for the current fiscal year.
WELL has been the subject of several recent research reports. TheStreet upgraded Welltower from a “c+” rating to a “b” rating in a research report on Friday, July 13th. Stephens reiterated a “buy” rating and issued a $64.00 price target on shares of Welltower in a research report on Tuesday, July 31st. Stifel Nicolaus set a $66.00 price target on Welltower and gave the company a “buy” rating in a research report on Monday, July 30th. ValuEngine upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Jefferies Financial Group lifted their price target on Welltower from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, June 29th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $63.00.
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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