Legacy CG LLC Buys New Position in Welltower Inc. (NYSE:WELL)

Legacy CG LLC purchased a new position in Welltower Inc. (NYSE:WELL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,845 shares of the real estate investment trust’s stock, valued at approximately $3,949,000.

A number of other institutional investors have also made changes to their positions in WELL. Connors Investor Services Inc. boosted its stake in Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after acquiring an additional 11,238 shares during the period. Centersquare Investment Management LLC boosted its position in Welltower by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after purchasing an additional 849,898 shares during the period. Intech Investment Management LLC grew its stake in Welltower by 147.9% during the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock worth $2,083,000 after buying an additional 13,300 shares during the last quarter. Burke & Herbert Bank & Trust Co. acquired a new stake in Welltower in the second quarter worth $674,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Welltower in the second quarter worth $14,766,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WELL shares. Evercore ISI raised their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Scotiabank upped their price target on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Morgan Stanley upped their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Trading Up 0.8 %

NYSE:WELL opened at $134.31 on Tuesday. The stock has a market cap of $83.63 billion, a PE ratio of 88.36, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. Welltower Inc. has a fifty-two week low of $84.38 and a fifty-two week high of $139.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The stock’s 50-day moving average is $127.71 and its two-hundred day moving average is $113.00.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is currently 176.32%.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.