State Street Corp Purchases 16,729 Shares of Welltower Inc. (NYSE:WELL)

State Street Corp increased its position in Welltower Inc. (NYSE:WELL) by 0.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,629,771 shares of the real estate investment trust’s stock after purchasing an additional 16,729 shares during the period. State Street Corp owned approximately 5.72% of Welltower worth $4,561,680,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WELL. First Foundation Advisors purchased a new position in Welltower in the 2nd quarter worth about $26,000. TruNorth Capital Management LLC purchased a new position in Welltower in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new position in Welltower in the 2nd quarter worth about $30,000. Centerpoint Advisors LLC purchased a new position in Welltower in the 2nd quarter worth about $31,000. Finally, Fortitude Family Office LLC increased its position in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.6 %

WELL stock opened at $133.59 on Thursday. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. 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 company has a market capitalization of $83.19 billion, a price-to-earnings ratio of 87.89, a PEG ratio of 2.98 and a beta of 1.20. The business has a 50 day simple moving average of $132.54 and a two-hundred day simple moving average of $119.04.

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

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. Welltower’s dividend payout ratio is currently 176.32%.

Analysts Set New Price Targets

WELL has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI upped their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average price target 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.