Ballentine Partners LLC Has $571,000 Position in Welltower Inc. (NYSE:WELL)

Ballentine Partners LLC increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 13.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,479 shares of the real estate investment trust’s stock after acquiring an additional 661 shares during the quarter. Ballentine Partners LLC’s holdings in Welltower were worth $571,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in WELL. Norges Bank acquired a new position in shares of Welltower during the fourth quarter worth approximately $2,453,039,000. Capital International Investors raised its stake in Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after purchasing an additional 6,104,064 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Welltower by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock valued at $7,748,369,000 after purchasing an additional 5,173,079 shares during the period. Zimmer Partners LP acquired a new stake in Welltower in the 1st quarter worth $309,917,000. Finally, Centersquare Investment Management LLC increased its holdings in shares of Welltower by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after purchasing an additional 849,898 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Scotiabank lifted their price objective on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 7th. KeyCorp upped their target price on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $109.58.

Welltower Trading Up 1.3 %

Shares of Welltower stock opened at $128.99 on Wednesday. The stock has a market capitalization of $78.57 billion, a P/E ratio of 159.25, a price-to-earnings-growth ratio of 2.88 and a beta of 1.21. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $129.11. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $113.89 and a 200 day simple moving average of $102.77.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. Research analysts expect that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.08%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.