Axa purchased a new stake in Welltower Inc (NYSE:WELL) during the third quarter, Holdings Channel reports. The fund purchased 408,118 shares of the real estate investment trust’s stock, valued at approximately $26,250,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Millennium Management LLC acquired a new position in shares of Welltower during the first quarter worth about $785,000. Cornerstone Wealth Management LLC acquired a new position in shares of Welltower during the second quarter worth about $1,137,000. Sumitomo Life Insurance Co. boosted its position in shares of Welltower by 5.2% during the second quarter. Sumitomo Life Insurance Co. now owns 19,867 shares of the real estate investment trust’s stock worth $1,245,000 after buying an additional 975 shares during the period. American Research & Management Co. acquired a new position in shares of Welltower during the third quarter worth about $498,000. Finally, CENTRAL TRUST Co boosted its position in shares of Welltower by 24.1% during the third quarter. CENTRAL TRUST Co now owns 90,966 shares of the real estate investment trust’s stock worth $5,851,000 after buying an additional 17,677 shares during the period. Institutional investors own 84.92% of the company’s stock.

Shares of NYSE WELL opened at $69.51 on Thursday. Welltower Inc has a 52 week low of $49.58 and a 52 week high of $71.27. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93. The company has a market cap of $26.41 billion, a P/E ratio of 16.51, a P/E/G 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 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 period last year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Welltower Inc will post 4.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 12th were given a dividend of $0.87 per share. The ex-dividend date was Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 5.01%. Welltower’s dividend payout ratio (DPR) is presently 82.66%.

WELL has been the subject of several recent research reports. Morgan Stanley upped their price objective on Welltower from $63.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, August 16th. ValuEngine raised Welltower from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Barclays initiated coverage on Welltower in a research report on Tuesday, September 25th. They set an “overweight” rating for the company. TheStreet cut Welltower from a “b” rating to a “c+” rating in a research report on Thursday, October 11th. Finally, SunTrust Banks upped their price objective on Welltower to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Welltower has a consensus rating of “Hold” and a consensus price target of $64.21.

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About Welltower

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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