41,059 Shares in Welltower Inc (WELL) Purchased by Ashfield Capital Partners LLC

Ashfield Capital Partners LLC bought a new position in shares of Welltower Inc (NYSE:WELL) in the third quarter, HoldingsChannel.com reports. The firm bought 41,059 shares of the real estate investment trust’s stock, valued at approximately $2,641,000.

Other large investors have also modified their holdings of the company. Hartford Financial Management Inc. bought a new position in Welltower during the third quarter worth about $103,000. Hudock Capital Group LLC bought a new position in Welltower during the third quarter worth about $107,000. Synovus Financial Corp bought a new position in Welltower during the third quarter worth about $120,000. Trust Co. of Vermont boosted its position in Welltower by 76.5% during the second quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 949 shares during the period. Finally, Whitnell & Co. bought a new position in Welltower during the third quarter worth about $197,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. SunTrust Banks increased their target price on shares of Welltower to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. MED increased their target price on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. Morgan Stanley increased their target price on shares of Welltower from $63.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, August 16th. Finally, Goldman Sachs Group assumed coverage on shares of Welltower in a research report on Monday, August 6th. They set a “neutral” rating and a $59.00 target price for the company. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.21.

Shares of Welltower stock opened at $65.86 on Monday. Welltower Inc has a 12-month low of $49.58 and a 12-month high of $69.85. The stock has a market capitalization of $24.74 billion, a PE ratio of 15.64, a PEG ratio of 2.76 and a beta of 0.17. The company has a current ratio of 1.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.93.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.85). Welltower had a return on equity of 4.86% and a net margin of 12.99%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts anticipate that Welltower Inc will post 4.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Friday, November 9th. Welltower’s payout ratio is 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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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