Zions Bancorporation bought a new position in shares of Welltower Inc (NYSE:WELL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 13,980 shares of the real estate investment trust’s stock, valued at approximately $899,000.
A number of other institutional investors also recently bought and sold shares of WELL. PGGM Investments acquired a new stake in Welltower in the third quarter valued at approximately $449,854,000. Wells Fargo & Company MN acquired a new stake in Welltower in the third quarter valued at approximately $441,605,000. Daiwa Securities Group Inc. acquired a new stake in Welltower in the third quarter valued at approximately $403,081,000. Principal Financial Group Inc. acquired a new stake in Welltower in the first quarter valued at approximately $308,744,000. Finally, Russell Investments Group Ltd. acquired a new stake in Welltower in the third quarter valued at approximately $118,411,000. 84.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on WELL shares. Morgan Stanley lifted their price target on Welltower from $63.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, August 16th. Stifel Nicolaus set a $66.00 price target on Welltower and gave the stock a “buy” rating in a research note on Monday, July 30th. Stephens reaffirmed a “buy” rating and issued a $64.00 price target on shares of Welltower in a research note on Tuesday, July 31st. SunTrust Banks lifted their price target on Welltower to $72.00 and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Finally, TheStreet lowered Welltower from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $64.21.
Shares of Welltower stock opened at $66.71 on Monday. Welltower Inc has a one year low of $49.58 and a one year high of $69.85. The company has a market cap of $24.74 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.76 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 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). Welltower had a return on equity of 4.86% and a net margin of 12.99%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts predict that Welltower Inc will post 4.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.48 dividend on an annualized basis and a yield of 5.22%. Welltower’s payout ratio is 82.66%.
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.
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.