Uniplan Investment Counsel Inc. purchased a new stake in Welltower Inc (NYSE:WELL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 574,603 shares of the real estate investment trust’s stock, valued at approximately $36,958,000. Welltower makes up about 2.2% of Uniplan Investment Counsel Inc.’s investment portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Factory Mutual Insurance Co. increased its holdings in shares of Welltower by 2.3% in the 3rd quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock valued at $35,987,000 after purchasing an additional 12,500 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Welltower in the 3rd quarter valued at about $692,000. We Are One Seven LLC purchased a new position in Welltower during the 3rd quarter valued at about $850,000. Andra AP fonden purchased a new position in Welltower during the 3rd quarter valued at about $6,676,000. Finally, Principal Financial Group Inc. purchased a new position in Welltower during the 1st quarter valued at about $308,744,000. Institutional investors and hedge funds own 85.26% of the company’s stock.

WELL has been the subject of several recent research reports. Stephens restated a “buy” rating and set a $64.00 target price on shares of Welltower in a report on Tuesday, July 31st. Stifel Nicolaus set a $66.00 target price on shares of Welltower and gave the company a “buy” rating in a report on Monday, July 30th. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. TheStreet downgraded shares of Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Finally, Royal Bank of Canada set a $63.00 target price on shares of Welltower and gave the company a “hold” rating in a report on Tuesday, July 31st. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.21.

Shares of Welltower stock traded down $0.29 during mid-day trading on Tuesday, hitting $69.58. 1,489,300 shares of the stock were exchanged, compared to its average volume of 2,351,661. Welltower Inc has a twelve month low of $49.58 and a twelve month high of $70.44. The stock has a market capitalization of $26.10 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.91 and a beta of 0.17. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). Welltower had a return on equity of 4.86% and a net margin of 12.99%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Welltower’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts forecast that Welltower Inc will post 4.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.48 annualized dividend and a dividend yield of 5.00%. Welltower’s dividend payout ratio is currently 82.66%.

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Welltower Profile

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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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