Welltower Inc. (NYSE:WELL) saw a large decrease in short interest in October. As of October 30th, there was short interest totalling 9,580,000 shares, a decrease of 19.4% from the October 15th total of 11,890,000 shares. Based on an average daily trading volume, of 2,810,000 shares, the days-to-cover ratio is presently 3.4 days.
In other Welltower news, Director Philip L. Hawkins purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average cost of $52.94 per share, for a total transaction of $105,880.00. Following the purchase, the director now owns 6,642 shares of the company’s stock, valued at approximately $351,627.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Partners LLC grew its holdings in Welltower by 11.3% in the 3rd quarter. Advisor Partners LLC now owns 14,299 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 1,453 shares during the last quarter. Paces Ferry Wealth Advisors LLC bought a new stake in Welltower in the 3rd quarter worth $151,000. Jeppson Wealth Management LLC bought a new stake in Welltower in the 3rd quarter worth $506,000. Public Employees Retirement System of Ohio grew its holdings in Welltower by 2.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 598,515 shares of the real estate investment trust’s stock worth $32,972,000 after acquiring an additional 14,403 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Welltower by 4.7% in the 3rd quarter. California State Teachers Retirement System now owns 781,326 shares of the real estate investment trust’s stock worth $43,043,000 after acquiring an additional 35,344 shares during the last quarter. 89.24% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the stock. BMO Capital Markets restated a “hold” rating and set a $52.00 price target on shares of Welltower in a research note on Wednesday, August 5th. Barclays increased their target price on shares of Welltower from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, September 4th. Evercore ISI cut shares of Welltower from an “outperform” rating to an “in-line” rating and set a $64.00 target price on the stock. in a research note on Friday, November 13th. Mizuho cut shares of Welltower from a “buy” rating to a “neutral” rating and increased their target price for the stock from $51.00 to $57.00 in a research note on Friday, October 16th. Finally, Jefferies Financial Group upgraded shares of Welltower from an “underperform” rating to a “hold” rating and set a $60.00 target price on the stock in a research note on Tuesday, November 10th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.47.
Welltower stock opened at $64.51 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.32 and a current ratio of 3.32. Welltower has a fifty-two week low of $24.27 and a fifty-two week high of $89.99. The firm’s fifty day moving average price is $57.77 and its 200-day moving average price is $54.39. The stock has a market cap of $26.92 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 5.10 and a beta of 0.87.
Welltower (NYSE:WELL) last released its earnings results on Wednesday, October 28th. The real estate investment trust reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.04). Welltower had a net margin of 26.20% and a return on equity of 8.64%. On average, analysts predict that Welltower will post 3.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 19th. Investors of record on Tuesday, November 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Monday, November 9th. Welltower’s dividend payout ratio is currently 58.65%.
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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