36,148 Shares in Welltower Inc. (NYSE:WELL) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Welltower Inc. (NYSE:WELL) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 36,148 shares of the real estate investment trust’s stock, valued at approximately $4,628,000. Welltower makes up approximately 0.7% of Stevens Capital Management LP’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after purchasing an additional 62,942 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after purchasing an additional 5,982,711 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Welltower by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after purchasing an additional 46,332 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Welltower by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust’s stock worth $419,727,000 after acquiring an additional 139,430 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 0.6 %

Welltower stock opened at $133.59 on Thursday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $132.54 and its two-hundred day simple moving average is $119.04. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company has a market capitalization of $83.19 billion, a price-to-earnings ratio of 87.89, a price-to-earnings-growth ratio of 2.98 and a beta of 1.20.

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 business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

WELL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Royal Bank of Canada raised their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank lifted their target price on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Finally, Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Company 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.