Massachusetts Financial Services Co. MA purchased a new stake in Welltower Inc (NYSE:WELL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,642,219 shares of the real estate investment trust’s stock, valued at approximately $105,627,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hudock Capital Group LLC acquired a new position in Welltower in the third quarter valued at approximately $107,000. Atlantic Trust Group LLC acquired a new position in Welltower in the first quarter valued at approximately $124,000. Trust Co. of Vermont boosted its holdings in Welltower by 76.5% in the second quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 949 shares in the last quarter. Whitnell & Co. acquired a new position in Welltower in the third quarter valued at approximately $197,000. Finally, Bremer Trust National Association acquired a new position in Welltower in the third quarter valued at approximately $205,000. 84.91% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on WELL. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus set a $66.00 price target on Welltower and gave the company a “buy” rating in a report on Monday, July 30th. BMO Capital Markets reaffirmed a “hold” rating and issued a $58.00 price target on shares of Welltower in a report on Monday, July 30th. Stephens reaffirmed a “buy” rating and issued a $64.00 price target on shares of Welltower in a report on Tuesday, July 31st. Finally, SunTrust Banks set a $64.00 price objective on Welltower and gave the company a “hold” rating in a report on Monday, July 30th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.00.
Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.16 billion. Welltower had a net margin of 13.64% and a return on equity of 4.95%. Welltower’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts predict that Welltower Inc will post 4.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Friday, November 9th. Welltower’s payout ratio is currently 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.
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