APG Asset Management N.V. Grows Stake in Welltower Inc. (NYSE:WELL)

APG Asset Management N.V. grew its position in shares of Welltower Inc. (NYSE:WELL) by 228.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,017 shares of the real estate investment trust’s stock after purchasing an additional 48,000 shares during the period. APG Asset Management N.V.’s holdings in Welltower were worth $6,713,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC raised its stake in shares of Welltower by 6.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 13,798 shares of the real estate investment trust’s stock valued at $1,239,000 after acquiring an additional 861 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Welltower by 18.0% during the fourth quarter. Parallel Advisors LLC now owns 2,559 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 390 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Welltower by 5.1% during the fourth quarter. Stifel Financial Corp now owns 137,374 shares of the real estate investment trust’s stock valued at $12,388,000 after buying an additional 6,723 shares during the last quarter. Fiduciary Trust Co purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $225,000. Finally, Bank of Nova Scotia boosted its holdings in Welltower by 41.8% in the fourth quarter. Bank of Nova Scotia now owns 66,930 shares of the real estate investment trust’s stock worth $6,035,000 after purchasing an additional 19,730 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on WELL shares. Wedbush increased their price target 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Scotiabank lifted their price objective on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Evercore ISI lifted their price target 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. Finally, Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $113.38.

Welltower Trading Up 0.5 %

Shares of WELL stock opened at $127.20 on Monday. The stock has a market capitalization of $76.05 billion, a P/E ratio of 157.04, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $131.31. The company has a 50 day moving average price of $119.69 and a 200 day moving average price of $106.01.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. Equities research analysts predict that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.11%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio is 330.86%.

Welltower 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.