Welltower Inc. (NYSE:WELL) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in Welltower Inc. (NYSE:WELL) by 21,236.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 173,888 shares of the real estate investment trust’s stock after acquiring an additional 173,073 shares during the period. International Assets Investment Management LLC’s holdings in Welltower were worth $22,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. First Foundation Advisors purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $31,000. Finally, Manchester Capital Management LLC grew its stake in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL opened at $137.34 on Wednesday. Welltower Inc. has a twelve month low of $80.80 and a twelve month high of $137.73. The firm’s fifty day simple moving average is $126.35 and its 200-day simple moving average is $111.71. The firm has a market capitalization of $82.12 billion, a price-to-earnings ratio of 169.56, a PEG ratio of 2.91 and a beta of 1.21. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts forecast that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.95%. Welltower’s dividend payout ratio is currently 330.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Wedbush increased their price objective 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Finally, Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.38.

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.