Kapitalo Investimentos Ltda Buys Shares of 3,077 Welltower Inc. (NYSE:WELL)

Kapitalo Investimentos Ltda purchased a new position in shares of Welltower Inc. (NYSE:WELL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,077 shares of the real estate investment trust’s stock, valued at approximately $388,000.

Several other hedge funds and other institutional investors have also modified their holdings of WELL. Retirement Systems of Alabama raised its stake in shares of Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after buying an additional 16,946 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Welltower by 120.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after acquiring an additional 7,872 shares during the period. Barclays PLC raised its position in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock worth $68,666,000 after purchasing an additional 128,090 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after purchasing an additional 2,250 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Welltower stock opened at $151.38 on Wednesday. The business’s 50-day simple moving average is $148.02 and its 200 day simple moving average is $138.68. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market cap of $98.63 billion, a price-to-earnings ratio of 97.04, a P/E/G ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 12-month low of $93.72 and a 12-month high of $158.55.

Welltower (NYSE:WELL) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. As a group, research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, May 14th. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WELL. Bank of America increased their target price on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company reissued an “equal weight” rating on shares of Welltower in a report on Thursday, April 17th. Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Wedbush reaffirmed an “underperform” rating on shares of Welltower in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

About Welltower

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.