Global Financial Private Capital LLC acquired a new stake in shares of Welltower Inc (NYSE:WELL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 147,952 shares of the real estate investment trust’s stock, valued at approximately $9,516,000.
Other large investors also recently modified their holdings of the company. PGGM Investments bought a new stake in shares of Welltower during the 3rd quarter worth $449,854,000. Wells Fargo & Company MN bought a new stake in shares of Welltower during the 3rd quarter worth $441,605,000. Daiwa Securities Group Inc. bought a new stake in shares of Welltower during the 3rd quarter worth $403,081,000. Principal Financial Group Inc. bought a new stake in shares of Welltower during the 1st quarter worth $308,744,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Welltower during the 3rd quarter worth $118,411,000. Institutional investors and hedge funds own 84.98% of the company’s stock.
A number of research firms have recently commented on WELL. SunTrust Banks set a $64.00 target price on Welltower and gave the stock a “hold” rating in a research note on Monday, July 30th. TheStreet cut Welltower from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Royal Bank of Canada set a $63.00 target price on Welltower and gave the stock a “hold” rating in a research note on Tuesday, July 31st. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, MED lifted their target price on Welltower to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Welltower currently has an average rating of “Hold” and a consensus target price of $64.21.
Shares of Welltower stock opened at $69.48 on Friday. Welltower Inc has a 52-week low of $49.58 and a 52-week high of $69.85. The stock has a market capitalization of $25.96 billion, a P/E ratio of 16.50, a PEG ratio of 2.89 and a beta of 0.17. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Welltower Inc will post 4.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Friday, November 9th. Welltower’s dividend payout ratio is currently 82.66%.
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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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