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%.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/11/30/d-a-davidson-co-invests-2-29-million-in-welltower-inc-well.html.
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.
Featured Article: What are the benefits of a balanced fund?
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.