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.
Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.