Rational Advisors LLC acquired a new position in shares of Welltower Inc (NYSE:WELL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,928 shares of the real estate investment trust’s stock, valued at approximately $124,000.

A number of other hedge funds have also bought and sold shares of the business. PGGM Investments purchased a new stake in Welltower during the 3rd quarter worth approximately $449,854,000. Wells Fargo & Company MN purchased a new stake in Welltower during the 3rd quarter worth approximately $441,605,000. Daiwa Securities Group Inc. purchased a new stake in Welltower during the 3rd quarter worth approximately $403,081,000. JPMorgan Chase & Co. purchased a new stake in Welltower during the 3rd quarter worth approximately $176,871,000. Finally, Prudential Financial Inc. purchased a new stake in Welltower during the 3rd quarter worth approximately $151,993,000. Institutional investors own 84.92% of the company’s stock.

WELL has been the subject of several research reports. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Barclays initiated coverage on Welltower in a research report on Tuesday, September 25th. They issued an “overweight” rating for the company. MED lifted their target price on Welltower to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. Goldman Sachs Group initiated coverage on Welltower in a research report on Monday, August 6th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $58.00 target price on shares of Welltower in a research report on Monday, July 30th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.21.

NYSE:WELL opened at $70.29 on Wednesday. Welltower Inc has a 12-month low of $49.58 and a 12-month high of $71.27. The company has a market cap of $26.41 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.94 and a beta of 0.17. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors 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 dividend on an annualized basis and a yield of 4.95%. Welltower’s dividend payout ratio is currently 82.66%.

ILLEGAL ACTIVITY NOTICE: “Rational Advisors LLC Takes $124,000 Position in Welltower Inc (WELL)” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/11/21/rational-advisors-llc-takes-124000-position-in-welltower-inc-well.html.

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.

Read More: What factors cause inflation to rise?

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.