Boston Family Office LLC Increases Stock Position in Welltower Inc. (NYSE:WELL)

Boston Family Office LLC grew its position in shares of Welltower Inc. (NYSE:WELL) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 26,217 shares of the real estate investment trust’s stock after buying an additional 416 shares during the quarter. Boston Family Office LLC’s holdings in Welltower were worth $3,357,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WELL. Dimensional Fund Advisors LP increased its stake in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after acquiring an additional 62,942 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after buying an additional 46,332 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Welltower by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust’s stock worth $419,727,000 after buying an additional 139,430 shares during the period. Zimmer Partners LP bought a new position in Welltower during the first quarter valued at $309,917,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Welltower by 11.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after acquiring an additional 291,839 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

WELL has been the subject of several analyst reports. Evercore ISI raised their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wedbush raised their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.68.

Welltower Stock Up 0.0 %

Welltower stock opened at $137.91 on Monday. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.19. The business has a fifty day moving average price of $131.10 and a 200-day moving average price of $117.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The stock has a market capitalization of $85.88 billion, a price-to-earnings ratio of 90.73, a PEG ratio of 3.09 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. Welltower’s payout ratio is currently 176.32%.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.