Arizona State Retirement System bought a new position in shares of Welltower Inc (NYSE:WELL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 164,955 shares of the real estate investment trust’s stock, valued at approximately $10,610,000.
A number of other institutional investors and hedge funds have also bought and sold shares of WELL. Hudock Capital Group LLC acquired a new stake in Welltower in the third quarter valued at approximately $107,000. Trust Co. of Vermont grew its position in Welltower by 76.5% in the second quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 949 shares in the last quarter. Whitnell & Co. acquired a new stake in Welltower in the third quarter valued at approximately $197,000. Bremer Trust National Association acquired a new stake in Welltower in the third quarter valued at approximately $205,000. Finally, Cypress Wealth Services LLC acquired a new stake in Welltower in the third quarter valued at approximately $207,000. 84.91% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. SunTrust Banks set a $64.00 price objective on shares of Welltower and gave the company a “hold” rating in a research report on Monday, July 30th. TheStreet downgraded shares of Welltower from a “b” rating to a “c+” rating in a research report 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 report on Tuesday, July 31st. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, MED increased their price objective on shares of Welltower to $72.00 and gave the company an “overweight” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.21.
Welltower stock opened at $65.86 on Friday. The company has a market cap of $25.85 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.77. Welltower Inc has a 52 week low of $49.58 and a 52 week high of $69.85.
Welltower (NYSE:WELL) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Welltower had a net margin of 12.99% and a return on equity of 4.86%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. As a group, analysts forecast that Welltower Inc will post 4.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Friday, November 9th. Welltower’s dividend payout ratio (DPR) is currently 82.66%.
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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