Redpoint Investment Management Pty Ltd purchased a new position in shares of Welltower Inc (NYSE:WELL) during the third quarter, HoldingsChannel reports. The fund purchased 53,792 shares of the real estate investment trust’s stock, valued at approximately $3,460,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Bowen Hanes & Co. Inc. purchased a new position in Welltower in the third quarter valued at $1,958,000. MML Investors Services LLC purchased a new position in Welltower in the third quarter valued at $3,214,000. Rhumbline Advisers purchased a new position in Welltower in the third quarter valued at $44,670,000. Prudential Financial Inc. purchased a new position in Welltower in the third quarter valued at $151,993,000. Finally, Honeywell International Inc. purchased a new position in Welltower in the third quarter valued at $7,377,000. Institutional investors own 85.26% of the company’s stock.

Several research firms recently commented on WELL. MED increased their target price on Welltower to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 31st. SunTrust Banks increased their target price on Welltower to $72.00 and gave the company a “hold” rating in a report on Wednesday, October 31st. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. TheStreet lowered Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Finally, Barclays began coverage on Welltower in a report on Tuesday, September 25th. They issued an “overweight” rating on the stock. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus target price of $64.21.

Shares of WELL stock opened at $70.10 on Thursday. The stock has a market cap of $26.25 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.93 and a beta of 0.17. Welltower Inc has a 1 year low of $49.58 and a 1 year high of $70.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.54 and a current ratio of 1.54.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.85). The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $1.08 EPS. Analysts predict that Welltower Inc will post 4.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Friday, November 9th. Welltower’s payout ratio is 82.66%.

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Welltower Company 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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