Oakbrook Investments LLC raised its holdings in Welltower Inc (NYSE:WELL) by 39.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,354 shares of the real estate investment trust’s stock after acquiring an additional 6,000 shares during the quarter. Oakbrook Investments LLC’s holdings in Welltower were worth $1,373,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. PGGM Investments acquired a new position in shares of Welltower during the 3rd quarter worth about $449,854,000. Principal Financial Group Inc. acquired a new position in shares of Welltower during the 1st quarter worth about $308,744,000. Bank of Montreal Can increased its stake in shares of Welltower by 6.8% during the 2nd quarter. Bank of Montreal Can now owns 741,332 shares of the real estate investment trust’s stock worth $46,473,000 after purchasing an additional 47,064 shares during the last quarter. Factory Mutual Insurance Co. increased its stake in shares of Welltower by 2.3% during the 3rd quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock worth $35,987,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Westpac Banking Corp increased its stake in shares of Welltower by 7.9% during the 2nd quarter. Westpac Banking Corp now owns 521,617 shares of the real estate investment trust’s stock worth $32,700,000 after purchasing an additional 38,284 shares during the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.

Shares of WELL opened at $64.47 on Monday. Welltower Inc has a 52 week low of $49.58 and a 52 week high of $69.80. The stock has a market capitalization of $23.98 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.71 and a beta of 0.25. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.58). Welltower had a net margin of 13.64% and a return on equity of 4.95%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Welltower Inc will post 4.03 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. SunTrust Banks set a $64.00 price objective on shares of Welltower and gave the stock a “hold” rating in a research note on Monday, July 30th. TheStreet lowered shares of Welltower from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Royal Bank of Canada set a $63.00 price target on shares of Welltower and gave the company a “hold” rating in a research note on Tuesday, July 31st. Citigroup upped their price target on shares of Welltower to $62.00 and gave the company a “positive” rating in a research note on Wednesday, June 27th. Finally, Stifel Nicolaus set a $66.00 price target on shares of Welltower and gave the company a “buy” rating in a research note on Monday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $63.00.

About Welltower

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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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