Lourd Capital LLC acquired a new position in Welltower Inc (NYSE:WELL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,112 shares of the real estate investment trust’s stock, valued at approximately $393,000.
Several other institutional investors also recently modified their holdings of WELL. Principal Financial Group Inc. purchased a new stake in shares of Welltower during the first quarter valued at approximately $308,744,000. Ballast Inc. purchased a new stake in shares of Welltower during the second quarter valued at approximately $228,000. Foundry Partners LLC increased its position in shares of Welltower by 1,606.7% during the second quarter. Foundry Partners LLC now owns 140,134 shares of the real estate investment trust’s stock valued at $8,785,000 after acquiring an additional 131,923 shares during the last quarter. Gilman Hill Asset Management LLC purchased a new stake in shares of Welltower during the second quarter valued at approximately $218,000. Finally, Sumitomo Life Insurance Co. increased its position in shares of Welltower by 5.2% during the second quarter. Sumitomo Life Insurance Co. now owns 19,867 shares of the real estate investment trust’s stock valued at $1,245,000 after acquiring an additional 975 shares during the last quarter. 84.90% of the stock is owned by hedge funds and other institutional investors.
NYSE:WELL opened at $63.96 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.77 and a quick ratio of 1.77. Welltower Inc has a 1 year low of $49.58 and a 1 year high of $69.80. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 2.71 and a beta of 0.26.
Welltower (NYSE:WELL) last released its earnings results on Friday, July 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.58). Welltower had a return on equity of 4.95% and a net margin of 13.64%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Welltower’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Welltower Inc will post 4.03 EPS for the current fiscal year.
A number of brokerages recently commented on WELL. ValuEngine raised Welltower from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 28th. Jefferies Financial Group increased their price target on Welltower from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, June 29th. Stifel Nicolaus set a $66.00 price target on Welltower and gave the company a “buy” rating in a research report on Monday, July 30th. Citigroup increased their price target on Welltower to $62.00 and gave the company a “positive” rating in a research report on Wednesday, June 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $58.00 price target on shares of Welltower in a research report on Monday, July 30th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Welltower has an average rating of “Hold” and an average target price of $63.00.
Welltower Company Profile
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
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