Commerce Bank bought a new position in Welltower Inc (NYSE:WELL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,288 shares of the real estate investment trust’s stock, valued at approximately $1,305,000.
Several other hedge funds also recently bought and sold shares of WELL. Hartford Financial Management Inc. bought a new position in Welltower in the 3rd quarter valued at approximately $103,000. Hudock Capital Group LLC bought a new position in Welltower in the 3rd quarter valued at approximately $107,000. Synovus Financial Corp bought a new position in Welltower in the 3rd quarter valued at approximately $120,000. Trust Co. of Vermont raised its holdings in Welltower by 76.5% in the 2nd quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 949 shares during the last quarter. Finally, Whitnell & Co. bought a new position in Welltower in the 3rd quarter valued at approximately $197,000. 84.98% of the stock is owned by hedge funds and other institutional investors.
Welltower stock opened at $69.48 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54. Welltower Inc has a 52-week low of $49.58 and a 52-week high of $69.85. The company has a market cap of $25.96 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 2.89 and a beta of 0.17.
Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Monday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 5.01%. Welltower’s payout ratio is 82.66%.
A number of brokerages recently issued reports on WELL. MED raised their price objective on shares of Welltower to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 31st. SunTrust Banks raised their price objective on shares of Welltower to $72.00 and gave the company a “hold” rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. TheStreet lowered shares of Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Finally, Barclays began coverage on shares of Welltower in a report on Tuesday, September 25th. They issued an “overweight” rating for the company. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $64.21.
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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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