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

Perpetual Ltd increased its stake in shares of Welltower Inc. (NYSE:WELL) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,204 shares of the real estate investment trust’s stock after acquiring an additional 820 shares during the quarter. Perpetual Ltd’s holdings in Welltower were worth $3,050,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in Welltower during the fourth quarter worth approximately $25,000. Fortitude Family Office LLC lifted its holdings in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc boosted its stake in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the period. Ashton Thomas Securities LLC acquired a new position in Welltower in the 3rd quarter valued at $50,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Welltower during the third quarter worth $59,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

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

Welltower Stock Up 3.3 %

Shares of NYSE WELL opened at $133.61 on Wednesday. The company has a market cap of $83.19 billion, a price-to-earnings ratio of 87.90, a PEG ratio of 2.61 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock has a 50-day moving average price of $130.27 and a two-hundred day moving average price of $124.72.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Welltower 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.