Centiva Capital LP Grows Stake in Welltower Inc. (NYSE:WELL)

Centiva Capital LP boosted its position in Welltower Inc. (NYSE:WELL) by 269.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,903 shares of the real estate investment trust’s stock after purchasing an additional 14,521 shares during the period. Centiva Capital LP’s holdings in Welltower were worth $2,548,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Burke & Herbert Bank & Trust Co. purchased a new position in Welltower in the 2nd quarter valued at approximately $674,000. Manning & Napier Advisors LLC purchased a new position in Welltower in the 2nd quarter valued at approximately $14,766,000. Van Hulzen Asset Management LLC purchased a new position in Welltower in the 2nd quarter valued at approximately $411,000. American Century Companies Inc. grew its holdings in Welltower by 10.1% during the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after buying an additional 129,270 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in Welltower by 93.8% during the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after buying an additional 8,940 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

WELL stock opened at $134.11 on Tuesday. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The stock’s fifty day simple moving average is $132.24 and its 200-day simple moving average is $118.48. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $83.51 billion, a price-to-earnings ratio of 88.23, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last issued its earnings results 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 firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. Equities research analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is currently 176.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Wedbush increased their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft increased their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Five investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

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.