Perpetual Ltd Acquires 820 Shares of Welltower Inc. (NYSE:WELL)

Perpetual Ltd increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,204 shares of the real estate investment trust’s stock after buying an additional 820 shares during the period. Perpetual Ltd’s holdings in Welltower were worth $3,050,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WELL. Wellington Management Group LLP raised its position in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares during the last quarter. FMR LLC grew its stake in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after buying an additional 46,332 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Welltower by 11.1% during the third 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 buying an additional 291,839 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Up 3.3 %

NYSE WELL opened at $133.61 on Wednesday. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The stock’s 50 day moving average price is $130.27 and its two-hundred day moving average price is $124.72. The stock has a market capitalization of $83.19 billion, a price-to-earnings ratio of 87.90, a PEG ratio of 2.61 and a beta of 1.22.

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 the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. As a group, analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WELL. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Scotiabank upped their target price on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Raymond James upped their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Finally, Mizuho raised their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.63.

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.