Welltower Inc. (NYSE:WELL) Stock Position Raised by Whittier Trust Co.

Whittier Trust Co. lifted its position in Welltower Inc. (NYSE:WELL) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,331 shares of the real estate investment trust’s stock after buying an additional 625 shares during the quarter. Whittier Trust Co.’s holdings in Welltower were worth $554,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. One Degree Advisors Inc bought a new stake in Welltower in the third quarter worth $243,000. Verde Capital Management lifted its position in shares of Welltower by 2.5% in the third quarter. Verde Capital Management now owns 15,199 shares of the real estate investment trust’s stock worth $1,946,000 after buying an additional 367 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Welltower during the 3rd quarter worth about $70,000. Raymond James & Associates increased its holdings in shares of Welltower by 9.6% during the 3rd quarter. Raymond James & Associates now owns 478,207 shares of the real estate investment trust’s stock valued at $61,225,000 after acquiring an additional 42,018 shares during the last quarter. Finally, Friedenthal Financial raised its stake in shares of Welltower by 1,231.3% in the 3rd quarter. Friedenthal Financial now owns 6,337 shares of the real estate investment trust’s stock valued at $811,000 after acquiring an additional 5,861 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 1.3 %

Shares of WELL stock opened at $131.77 on Thursday. The firm has a fifty day moving average of $125.03 and a 200-day moving average of $110.40. The stock has a market cap of $78.79 billion, a price-to-earnings ratio of 162.68, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a 52-week low of $80.80 and a 52-week high of $132.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share. On average, equities research analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a $0.67 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a yield of 2.03%. Welltower’s payout ratio is currently 330.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Morgan Stanley upped their price target on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, KeyCorp lifted their price objective on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

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.