30,600 Welltower Inc. $WELL Shares Purchased by Danske Bank A S

Danske Bank A S increased its stake in shares of Welltower Inc. (NYSE:WELL) by 7.3% during the third quarter, Holdings Channel reports. The institutional investor owned 447,737 shares of the real estate investment trust’s stock after acquiring an additional 30,600 shares during the period. Danske Bank A S’s holdings in Welltower were worth $103,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RHL Group LLC increased its holdings in Welltower by 146.7% in the third quarter. RHL Group LLC now owns 111 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 66 shares in the last quarter. Kilter Group LLC purchased a new stake in shares of Welltower during the 2nd quarter worth approximately $29,000. Solstein Capital LLC purchased a new stake in shares of Welltower during the 2nd quarter worth approximately $34,000. Frazier Financial Advisors LLC boosted its stake in shares of Welltower by 472.7% during the 1st quarter. Frazier Financial Advisors LLC now owns 189 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 156 shares in the last quarter. Finally, Summit Securities Group LLC boosted its stake in shares of Welltower by 42.6% during the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 49 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Andrew Gundlach bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $242.06 per share, with a total value of $1,210,300.00. Following the purchase, the director owned 30,000 shares of the company’s stock, valued at $7,261,800. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Freedom Broker upgraded Welltower from a “hold” rating to a “buy” rating and set a $255.00 price target on the stock in a report on Wednesday, October 28th. Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Cantor Fitzgerald reduced their price objective on Welltower from $260.00 to $258.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Citigroup boosted their target price on Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on Welltower from $260.00 to $273.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $263.10.

Welltower Price Performance

NYSE:WELL traded down $0.31 during trading hours on Friday, reaching $244.62. 1,918,552 shares of the company traded hands, compared to its average volume of 2,998,276. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16. The firm’s 50-day moving average is $234.56 and its 200-day moving average is $221.17. The stock has a market cap of $179.45 billion, a P/E ratio of 105.89, a P/E/G ratio of 1.17 and a beta of 0.79. Welltower Inc. has a 1-year low of $181.47 and a 1-year high of $255.20.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. Equities research analysts expect that Welltower Inc. will post 6.50 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is currently 147.19%.

Welltower Company Profile

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.