788 Shares in Welltower Inc. (NYSE:WELL) Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 788 shares of the real estate investment trust’s stock, valued at approximately $101,000.

Several other large investors have also recently modified their holdings of WELL. Duff & Phelps Investment Management Co. bought a new position in shares of Welltower during the 2nd quarter worth approximately $254,977,000. Canada Pension Plan Investment Board raised its stake in shares of Welltower by 24.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock worth $220,223,000 after acquiring an additional 417,046 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Welltower by 11.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock worth $373,126,000 after acquiring an additional 291,839 shares in the last quarter. Braun Stacey Associates Inc. bought a new position in shares of Welltower during the 2nd quarter worth approximately $25,185,000. Finally, National Pension Service raised its stake in shares of Welltower by 18.9% during the 3rd quarter. National Pension Service now owns 1,385,292 shares of the real estate investment trust’s stock worth $177,359,000 after acquiring an additional 220,201 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent analyst reports. 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 note on Wednesday, August 21st. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. 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 note on Monday, September 16th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, 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 note on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.50.

Welltower Stock Up 0.2 %

WELL stock opened at $139.30 on Friday. The firm’s fifty day simple moving average is $131.98 and its 200-day simple moving average is $117.95. The company has a market capitalization of $86.74 billion, a P/E ratio of 91.64, a price-to-earnings-growth ratio of 3.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate 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 period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Welltower Company 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.