788 Shares in Welltower Inc. (NYSE:WELL) Bought by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new stake in shares of Welltower Inc. (NYSE:WELL) during the 3rd quarter, HoldingsChannel reports. The fund acquired 788 shares of the real estate investment trust’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new position in Welltower during the third quarter valued at $81,000. Swedbank AB lifted its holdings in Welltower by 2.8% during the third quarter. Swedbank AB now owns 646,046 shares of the real estate investment trust’s stock valued at $82,713,000 after purchasing an additional 17,554 shares in the last quarter. Pitcairn Co. raised its position in shares of Welltower by 130.6% in the third quarter. Pitcairn Co. now owns 6,513 shares of the real estate investment trust’s stock valued at $834,000 after buying an additional 3,689 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Welltower by 4.2% in the third quarter. Kingsview Wealth Management LLC now owns 4,966 shares of the real estate investment trust’s stock valued at $636,000 after buying an additional 200 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Welltower by 8.6% in the third quarter. Cerity Partners LLC now owns 226,114 shares of the real estate investment trust’s stock valued at $28,949,000 after buying an additional 17,817 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

Welltower stock opened at $139.30 on Friday. 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 stock has a market cap of $86.74 billion, a P/E ratio of 91.64, a PEG ratio of 3.04 and a beta of 1.20. The company has a 50-day moving average price of $131.98 and a 200 day moving average price of $117.95. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75.

Welltower (NYSE:WELL) last announced its earnings results 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). The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

A number of brokerages have recently commented on WELL. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

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.