Pearl River Capital LLC raised its stake in shares of Welltower Inc (NYSE:WELL) by 27.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,016 shares of the real estate investment trust’s stock after acquiring an additional 216 shares during the period. Pearl River Capital LLC’s holdings in Welltower were worth $83,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of WELL. Jupiter Asset Management Ltd. increased its holdings in Welltower by 87.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 70,457 shares of the real estate investment trust’s stock worth $5,744,000 after acquiring an additional 32,854 shares in the last quarter. LPL Financial LLC increased its holdings in Welltower by 8.1% in the 2nd quarter. LPL Financial LLC now owns 257,477 shares of the real estate investment trust’s stock worth $20,992,000 after acquiring an additional 19,211 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Welltower by 7.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,034,037 shares of the real estate investment trust’s stock worth $410,426,000 after acquiring an additional 359,398 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Welltower by 3.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,860 shares of the real estate investment trust’s stock worth $2,353,000 after acquiring an additional 935 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Welltower by 80.4% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,668 shares of the real estate investment trust’s stock worth $3,805,000 after acquiring an additional 20,800 shares in the last quarter. Institutional investors and hedge funds own 89.26% of the company’s stock.
WELL traded up $0.60 during trading on Wednesday, reaching $91.98. 123,384 shares of the company traded hands, compared to its average volume of 1,747,035. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.73 and a current ratio of 1.73. Welltower Inc has a 12-month low of $60.93 and a 12-month high of $91.44. The firm has a fifty day simple moving average of $86.50 and a 200 day simple moving average of $80.57. The company has a market cap of $36.29 billion, a P/E ratio of 22.82, a PEG ratio of 4.65 and a beta of 0.24.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts expect that Welltower Inc will post 4.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Wednesday, August 14th. Welltower’s dividend payout ratio (DPR) is currently 86.35%.
WELL has been the subject of several analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Stifel Nicolaus increased their target price on shares of Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday. Scotiabank set a $80.00 target price on shares of Welltower and gave the stock a “hold” rating in a report on Friday, June 14th. Morgan Stanley increased their target price on shares of Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Finally, Raymond James lowered shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Welltower currently has an average rating of “Buy” and a consensus price target of $80.39.
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.
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