Zurcher Kantonalbank Zurich Cantonalbank Acquires 41,298 Shares of Welltower Inc. (NYSE:WELL)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 416,748 shares of the real estate investment trust’s stock after buying an additional 41,298 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Welltower were worth $53,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WELL. First Foundation Advisors purchased a new position in Welltower during the 2nd quarter worth $26,000. TruNorth Capital Management LLC purchased a new position in Welltower during the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new stake in Welltower in the 2nd quarter worth about $30,000. Centerpoint Advisors LLC bought a new stake in Welltower in the 2nd quarter worth about $31,000. Finally, Fortitude Family Office LLC increased its stake in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WELL shares. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wedbush boosted their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada raised their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Stock Up 0.2 %

Shares of NYSE:WELL opened at $139.30 on Friday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The stock has a market capitalization of $86.74 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 3.04 and a beta of 1.20. The stock has a fifty day simple moving average of $131.98 and a two-hundred day simple moving average of $117.95. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm 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 for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. Welltower’s payout ratio is currently 176.32%.

About Welltower

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.