Jefferies Group LLC Buys Shares of 6,071 Welltower Inc (WELL)

Share on StockTwits

Jefferies Group LLC bought a new position in Welltower Inc (NYSE:WELL) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 6,071 shares of the real estate investment trust’s stock, valued at approximately $390,000.

Several other large investors also recently bought and sold shares of WELL. BlackRock Inc. purchased a new stake in shares of Welltower in the 3rd quarter worth about $2,461,568,000. FMR LLC purchased a new stake in shares of Welltower in the 3rd quarter worth about $473,389,000. PGGM Investments purchased a new position in Welltower during the 3rd quarter valued at about $449,854,000. Wells Fargo & Company MN purchased a new position in Welltower during the 3rd quarter valued at about $441,605,000. Finally, Bank of New York Mellon Corp purchased a new position in Welltower during the 3rd quarter valued at about $405,367,000. 88.46% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE WELL opened at $71.39 on Wednesday. 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 stock has a market cap of $26.57 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.82 and a beta of 0.26. Welltower Inc has a 1 year low of $49.58 and a 1 year high of $74.75.

Welltower (NYSE:WELL) last issued its 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). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. As a group, research analysts forecast that Welltower Inc will post 4.05 earnings per share for the current fiscal year.

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

A number of brokerages recently issued reports on WELL. Morgan Stanley lifted their price target on shares of Welltower from $67.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday. Wells Fargo & Co raised shares of Welltower from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 11th. Scotiabank began coverage on shares of Welltower in a research report on Monday, December 10th. They set a “sector perform” rating and a $74.00 price target for the company. lifted their price target on shares of Welltower from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, December 5th. Finally, ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.71.

In other Welltower news, EVP Mercedes Kerr sold 4,342 shares of Welltower stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $73.17, for a total value of $317,704.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION WARNING: “Jefferies Group LLC Buys Shares of 6,071 Welltower Inc (WELL)” was posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://weekherald.com/2018/12/19/jefferies-group-llc-buys-shares-of-6071-welltower-inc-well.html.

About Welltower

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.

Read More: How to Profit and Limit Losses With Stop Orders

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).

Institutional Ownership by Quarter for Welltower (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.

Leave a Reply