Profund Advisors LLC raised its holdings in Welltower Inc (NYSE:WELL) by 22.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,796 shares of the real estate investment trust’s stock after acquiring an additional 5,999 shares during the quarter. Profund Advisors LLC’s holdings in Welltower were worth $2,674,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Citizens Financial Group Inc RI acquired a new stake in Welltower in the first quarter worth $30,000. Gradient Investments LLC raised its holdings in shares of Welltower by 590.3% during the second quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 425 shares during the period. Trustcore Financial Services LLC raised its holdings in shares of Welltower by 674.3% during the first quarter. Trustcore Financial Services LLC now owns 542 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 472 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Welltower during the first quarter worth $45,000. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Welltower by 27.6% during the second quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 128 shares during the period. 89.26% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on WELL shares. Morgan Stanley raised their price objective on shares of Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Raymond James lowered shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price objective on the stock. in a report on Thursday, June 13th. They noted that the move was a valuation call. BMO Capital Markets restated a “buy” rating and set a $86.00 price objective on shares of Welltower in a report on Monday, August 5th. Wood & Company reiterated an “average” rating on shares of Welltower in a research note on Thursday, August 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $80.39.
Shares of WELL traded down $1.95 during midday trading on Friday, reaching $85.50. The stock had a trading volume of 166,458 shares, compared to its average volume of 1,752,200. The firm has a 50 day simple moving average of $87.57 and a 200-day simple moving average of $81.12. Welltower Inc has a one year low of $60.93 and a one year high of $92.50. The firm has a market cap of $35.61 billion, a PE ratio of 21.24, a P/E/G ratio of 4.56 and a beta of 0.24. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.95.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 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 firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business earned $1.00 EPS. The business’s revenue was up 17.2% on a year-over-year basis. As a group, research analysts forecast that Welltower Inc will post 4.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Wednesday, August 14th. Welltower’s payout ratio is 86.35%.
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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