Welltower Inc. (NYSE:WELL) Stock Position Raised by Wahed Invest LLC

Wahed Invest LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,643 shares of the real estate investment trust’s stock after acquiring an additional 1,775 shares during the quarter. Wahed Invest LLC’s holdings in Welltower were worth $1,875,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Welltower in the second quarter worth $674,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Welltower in the second quarter worth $411,000. American Century Companies Inc. boosted its position in shares of Welltower by 10.1% in the second quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock worth $146,448,000 after buying an additional 129,270 shares during the period. Diversified Trust Co boosted its position in shares of Welltower by 93.8% in the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock worth $2,365,000 after buying an additional 8,940 shares during the period. Finally, Duff & Phelps Investment Management Co. purchased a new stake in shares of Welltower during the second quarter worth $254,977,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WELL shares. Scotiabank lifted their price objective on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI lifted their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.77.

Welltower Price Performance

NYSE WELL opened at $132.64 on Friday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The stock has a market capitalization of $82.59 billion, a PE ratio of 87.26, a P/E/G ratio of 2.98 and a beta of 1.20. The stock has a 50-day simple moving average of $132.66 and a 200 day simple moving average of $119.13.

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

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.02%. Welltower’s dividend payout ratio is 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.