Prudential Financial Inc. bought a new position in Welltower Inc (NYSE:WELL) during the third quarter, HoldingsChannel.com reports. The fund bought 2,363,056 shares of the real estate investment trust’s stock, valued at approximately $151,993,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Hartford Financial Management Inc. purchased a new position in shares of Welltower during the third quarter valued at $103,000. Hudock Capital Group LLC purchased a new position in shares of Welltower during the third quarter valued at $107,000. Bessemer Group Inc. purchased a new position in shares of Welltower during the third quarter valued at $119,000. Synovus Financial Corp purchased a new position in shares of Welltower during the third quarter valued at $120,000. Finally, FTB Advisors Inc. purchased a new position in shares of Welltower during the third quarter valued at $131,000. Institutional investors and hedge funds own 85.26% of the company’s stock.

WELL opened at $70.10 on Thursday. 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. The stock has a market capitalization of $26.25 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.93 and a beta of 0.17.

Welltower (NYSE:WELL) last posted its earnings results 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). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm earned $1.08 EPS. Welltower’s revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts predict that Welltower Inc will post 4.05 EPS for the current fiscal year.

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

Several brokerages have recently commented on WELL. SunTrust Banks set a $64.00 price target on Welltower and gave the company a “hold” rating in a research note on Monday, July 30th. TheStreet lowered 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 Welltower and gave the company a “hold” rating in a research note on Tuesday, July 31st. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, MED raised their price target on Welltower to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.21.

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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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