Prospera Financial Services Inc Purchases 463 Shares of Welltower Inc. (NYSE:WELL)

Prospera Financial Services Inc boosted its position in Welltower Inc. (NYSE:WELL) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,450 shares of the real estate investment trust’s stock after acquiring an additional 463 shares during the period. Prospera Financial Services Inc’s holdings in Welltower were worth $1,083,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WELL. Zimmer Partners LP bought a new stake in shares of Welltower during the 1st quarter valued at about $309,917,000. Duff & Phelps Investment Management Co. bought a new stake in shares of Welltower during the 2nd quarter valued at about $254,977,000. Swedbank AB bought a new stake in shares of Welltower during the 1st quarter valued at about $66,905,000. Canada Pension Plan Investment Board boosted its stake in shares of Welltower by 24.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock valued at $220,223,000 after purchasing an additional 417,046 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Welltower by 11.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after purchasing an additional 291,839 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.0 %

Shares of Welltower stock opened at $137.91 on Friday. 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 company has a 50-day simple moving average of $131.10 and a two-hundred day simple moving average of $116.84. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The stock has a market capitalization of $85.88 billion, a PE ratio of 90.73, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last released 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 net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. Welltower’s payout ratio is 176.32%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WELL shares. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wedbush boosted their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Scotiabank boosted their price objective 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. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.68.

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.