Assetmark Inc. Has $730,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Assetmark Inc. raised its stake in Welltower Inc. (NYSE:WELL) by 162.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,703 shares of the real estate investment trust’s stock after acquiring an additional 3,533 shares during the quarter. Assetmark Inc.’s holdings in Welltower were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Windward Capital Management Co. CA lifted its holdings in shares of Welltower by 3.4% during the third quarter. Windward Capital Management Co. CA now owns 49,461 shares of the real estate investment trust’s stock worth $6,333,000 after purchasing an additional 1,642 shares during the period. SpiderRock Advisors LLC grew its position in Welltower by 5.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 4,584 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 257 shares in the last quarter. Leavell Investment Management Inc. bought a new position in shares of Welltower during the 3rd quarter valued at approximately $218,000. Easterly Investment Partners LLC bought a new position in Welltower in the 3rd quarter worth approximately $1,666,000. Finally, AIA Group Ltd lifted its stake in Welltower by 4.5% in the 3rd quarter. AIA Group Ltd now owns 13,800 shares of the real estate investment trust’s stock worth $1,767,000 after purchasing an additional 600 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 1.2 %

Shares of WELL opened at $136.02 on Friday. The firm has a market cap of $84.70 billion, a price-to-earnings ratio of 89.49, a PEG ratio of 3.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.19. The firm has a 50 day moving average price of $129.98 and a 200-day moving average price of $115.10.

Welltower (NYSE:WELL) last announced its quarterly earnings data 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). 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 last year, the business earned $0.92 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Finally, StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average target price of $116.68.

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.