Flagship Harbor Advisors LLC acquired a new stake in shares of Welltower Inc (NYSE:WELL) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,105 shares of the real estate investment trust’s stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. PGGM Investments bought a new position in Welltower in the third quarter valued at approximately $449,854,000. Wells Fargo & Company MN bought a new position in Welltower in the third quarter valued at approximately $441,605,000. Daiwa Securities Group Inc. bought a new position in Welltower in the third quarter valued at approximately $403,081,000. Principal Financial Group Inc. bought a new position in Welltower in the first quarter valued at approximately $308,744,000. Finally, Russell Investments Group Ltd. bought a new position in Welltower in the third quarter valued at approximately $118,411,000. Hedge funds and other institutional investors own 84.98% of the company’s stock.

Shares of WELL stock opened at $69.48 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $25.96 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.89 and a beta of 0.17. Welltower Inc has a 12 month low of $49.58 and a 12 month high of $69.85.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Analysts anticipate that Welltower Inc will post 4.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Friday, November 9th. Welltower’s dividend payout ratio is presently 82.66%.

A number of research analysts have weighed in on the stock. SunTrust Banks set a $64.00 price target on shares of Welltower and gave the company 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. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, MED lifted their price target on shares of Welltower to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Welltower currently has a consensus rating of “Hold” and a consensus price target of $64.21.

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Welltower Profile

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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