D.A. Davidson & CO. Invests $2.29 Million in Welltower Inc (WELL)

D.A. Davidson & CO. acquired a new stake in shares of Welltower Inc (NYSE:WELL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,554 shares of the real estate investment trust’s stock, valued at approximately $2,287,000.

Other institutional investors have also recently made changes to their positions in the company. National Asset Management Inc. boosted its holdings in Welltower by 16.0% during the 3rd quarter. National Asset Management Inc. now owns 5,355 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 737 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Welltower by 26.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,845 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 800 shares during the period. Windward Capital Management Co. CA boosted its holdings in Welltower by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 37,679 shares of the real estate investment trust’s stock valued at $2,424,000 after acquiring an additional 830 shares during the period. Zeke Capital Advisors LLC boosted its holdings in Welltower by 5.0% during the 3rd quarter. Zeke Capital Advisors LLC now owns 21,068 shares of the real estate investment trust’s stock valued at $1,355,000 after acquiring an additional 1,000 shares during the period. Finally, Hartford Financial Management Inc. purchased a new stake in Welltower during the 3rd quarter valued at about $103,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.

WELL has been the subject of several analyst reports. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Barclays began coverage on Welltower in a report on Tuesday, September 25th. They issued an “overweight” rating for the company. MED increased their price objective on Welltower to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. Goldman Sachs Group began coverage on Welltower in a report on Monday, August 6th. They issued a “neutral” rating and a $59.00 price objective for the company. Finally, SunTrust Banks increased their price objective on Welltower to $72.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Ten equities research 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 a consensus target price of $64.21.

NYSE WELL opened at $71.43 on Friday. Welltower Inc has a fifty-two week low of $49.58 and a fifty-two week high of $71.68. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $26.80 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 2.99 and a beta of 0.17.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share 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 business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business posted $1.08 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, research analysts expect that Welltower Inc will post 4.05 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Friday, November 9th. Welltower’s payout ratio is presently 82.66%.

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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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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