Rational Advisors LLC Takes $124,000 Position in Welltower Inc (WELL)
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.
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%.
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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