Paloma Partners Management Co Purchases 11,106 Shares of Welltower Inc. (NYSE:WELL)

Paloma Partners Management Co raised its position in Welltower Inc. (NYSE:WELL) by 187.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,017 shares of the real estate investment trust’s stock after acquiring an additional 11,106 shares during the quarter. Paloma Partners Management Co’s holdings in Welltower were worth $2,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WELL. Burke & Herbert Bank & Trust Co. bought a new position in Welltower during the 2nd quarter valued at approximately $674,000. Manning & Napier Advisors LLC bought a new position in shares of Welltower during the second quarter valued at approximately $14,766,000. Van Hulzen Asset Management LLC purchased a new stake in Welltower in the second quarter worth $411,000. Atria Investments Inc boosted its holdings in Welltower by 19.4% in the first quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock valued at $2,558,000 after acquiring an additional 4,444 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Welltower by 10.1% in the second quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after acquiring an additional 129,270 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Down 0.8 %

Welltower stock opened at $138.18 on Monday. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company has a market capitalization of $86.04 billion, a price-to-earnings ratio of 90.91, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The business’s fifty day simple moving average is $132.24 and its two-hundred day simple moving average is $118.48. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

WELL has been the subject of several research analyst reports. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wedbush increased their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.50.

Welltower Profile

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.