10,980 Shares in Welltower Inc. $WELL Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in Welltower Inc. (NYSE:WELL) in the third quarter, Holdings Channel reports. The firm purchased 10,980 shares of the real estate investment trust’s stock, valued at approximately $2,528,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WELL. RHL Group LLC lifted its position in Welltower by 146.7% during the third quarter. RHL Group LLC now owns 111 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 66 shares in the last quarter. Kilter Group LLC acquired a new position in Welltower during the second quarter worth $29,000. Solstein Capital LLC purchased a new stake in Welltower in the 2nd quarter valued at $34,000. Fulcrum Asset Management LLP purchased a new stake in Welltower in the 3rd quarter valued at $37,000. Finally, Summit Securities Group LLC grew its holdings in Welltower by 42.6% in the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower News Roundup

These are some of the WELL news items that stood out recently:

• Positive Sentiment: UBS raised its price target to $289 from $269 and maintained a Buy rating, implying about 16.9% upside from the cited share price. UBS price target article
• Positive Sentiment: JPMorgan lifted its target to $273 from $260 and assigned an Overweight rating, indicating continued confidence in Welltower’s prospects. JPMorgan price target article
• Positive Sentiment: RBC raised its target to $266 from $260 and maintained an Outperform rating. RBC price target article

Analyst Ratings Changes

WELL has been the topic of several analyst reports. Mizuho lifted their price target on Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Weiss Ratings cut shares of Welltower from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Raymond James Financial reissued an “outperform” rating and set a $263.00 price target on shares of Welltower in a research report on Thursday, October 29th. BNP Paribas Exane upped their price objective on shares of Welltower from $238.00 to $272.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Finally, Robert W. Baird raised their price objective on shares of Welltower from $226.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $263.10.

Insider Buying and Selling

In related news, Director Andrew Gundlach bought 5,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $242.06 per share, with a total value of $1,210,300.00. Following the completion of the purchase, the director directly owned 30,000 shares in the company, valued at $7,261,800. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by insiders.

Welltower Stock Performance

Shares of Welltower stock opened at $247.12 on Thursday. Welltower Inc. has a 52 week low of $181.47 and a 52 week high of $255.20. The business’s fifty day simple moving average is $234.37 and its 200-day simple moving average is $220.56. The firm has a market cap of $181.29 billion, a PE ratio of 106.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The company’s revenue was up 38.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Equities analysts forecast that Welltower Inc. will post 6.50 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be given a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. Welltower’s dividend payout ratio is presently 147.19%.

Welltower Company Profile

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.