Chicago Equity Partners LLC acquired a new stake in shares of Welltower Inc (NYSE:WELL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,100 shares of the real estate investment trust’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in shares of Welltower in the 1st quarter valued at $785,000. Amalgamated Bank grew its holdings in shares of Welltower by 3.8% in the 2nd quarter. Amalgamated Bank now owns 47,871 shares of the real estate investment trust’s stock valued at $3,001,000 after buying an additional 1,762 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Welltower in the 2nd quarter valued at $1,137,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Welltower by 47.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 19,905 shares of the real estate investment trust’s stock valued at $1,248,000 after buying an additional 6,399 shares during the period. Finally, Sumitomo Life Insurance Co. grew its holdings in shares of Welltower by 5.2% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,867 shares of the real estate investment trust’s stock valued at $1,245,000 after buying an additional 975 shares during the period. 85.26% of the stock is currently owned by institutional investors.

Shares of NYSE:WELL opened at $70.33 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. Welltower Inc has a one year low of $49.58 and a one year high of $70.44. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.94 and a beta of 0.17.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the 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 business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Welltower Inc will post 4.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 4.95%. Welltower’s dividend payout ratio (DPR) is presently 82.66%.

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

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Welltower Company 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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