Financial Partners Group Inc acquired a new stake in shares of Welltower Inc. (NYSE:WELL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,529 shares of the real estate investment trust’s stock, valued at approximately $415,000.
A number of other hedge funds have also recently modified their holdings of WELL. Pacer Advisors Inc. bought a new position in Welltower during the second quarter worth $1,766,000. Duality Advisers LP acquired a new stake in Welltower during the second quarter valued at $1,360,000. State of Michigan Retirement System grew its stake in Welltower by 14.6% in the second quarter. State of Michigan Retirement System now owns 106,596 shares of the real estate investment trust’s stock valued at $5,516,000 after purchasing an additional 13,587 shares in the last quarter. Brinker Capital Inc. increased its position in Welltower by 12.1% in the 2nd quarter. Brinker Capital Inc. now owns 11,073 shares of the real estate investment trust’s stock worth $573,000 after purchasing an additional 1,197 shares during the last quarter. Finally, American Financial Advisors LLC raised its stake in shares of Welltower by 8.4% during the 2nd quarter. American Financial Advisors LLC now owns 222,621 shares of the real estate investment trust’s stock worth $11,447,000 after purchasing an additional 17,241 shares in the last quarter. Institutional investors and hedge funds own 89.24% of the company’s stock.
WELL has been the topic of a number of research reports. Stifel Nicolaus restated a “hold” rating and issued a $56.00 price objective on shares of Welltower in a report on Tuesday, September 1st. Jefferies Financial Group upgraded shares of Welltower from an “underperform” rating to a “hold” rating and set a $60.00 price target on the stock in a report on Tuesday, November 10th. Evercore ISI lowered shares of Welltower from an “outperform” rating to an “in-line” rating and set a $64.00 price objective for the company. in a research note on Friday, November 13th. Wells Fargo & Company downgraded shares of Welltower from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $54.00 to $63.50 in a research report on Monday, November 16th. Finally, BMO Capital Markets reissued a “hold” rating and set a $52.00 price objective on shares of Welltower in a research report on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Welltower currently has a consensus rating of “Hold” and an average target price of $56.28.
Shares of NYSE:WELL traded down $0.09 during midday trading on Monday, reaching $64.45. 4,091 shares of the company were exchanged, compared to its average volume of 3,472,175. The firm has a market cap of $26.93 billion, a PE ratio of 20.36, a P/E/G ratio of 5.10 and a beta of 0.87. Welltower Inc. has a fifty-two week low of $24.27 and a fifty-two week high of $89.99. The stock has a fifty day simple moving average of $58.83 and a two-hundred day simple moving average of $55.08. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.85.
Welltower (NYSE:WELL) last released its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported $0.77 earnings per share (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%. As a group, analysts forecast that Welltower Inc. will post 3.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.79%. The ex-dividend date was Monday, November 9th. Welltower’s payout ratio is 58.65%.
In other Welltower news, Director Philip L. Hawkins purchased 2,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was bought at an average cost of $52.94 per share, with a total value of $105,880.00. Following the purchase, the director now directly owns 6,642 shares of the company’s stock, valued at $351,627.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.
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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