Welltower Inc. $WELL Shares Bought by Cullinan Associates Inc.

Cullinan Associates Inc. grew its position in shares of Welltower Inc. (NYSE:WELL) by 122.0% during the third quarter, Holdings Channel reports. The firm owned 4,585 shares of the real estate investment trust’s stock after acquiring an additional 2,520 shares during the quarter. Cullinan Associates Inc.’s holdings in Welltower were worth $1,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. StoneX Group Inc. acquired a new stake in shares of Welltower in the third quarter valued at $231,000. Formidable Asset Management LLC purchased a new stake in shares of Welltower in the 3rd quarter valued at $224,000. Verus Capital Partners LLC lifted its stake in Welltower by 7.3% during the 3rd quarter. Verus Capital Partners LLC now owns 1,148 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 78 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in Welltower during the 3rd quarter worth about $284,000. Finally, Parallel Advisors LLC lifted its stake in Welltower by 9.8% during the 3rd quarter. Parallel Advisors LLC now owns 8,359 shares of the real estate investment trust’s stock worth $1,925,000 after acquiring an additional 745 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Freedom Broker upgraded Welltower from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a report on Wednesday, October 28th. Mizuho boosted their price target on shares of Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada boosted their price target on shares of Welltower from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Raymond James Financial reissued an “outperform” rating and set a $263.00 price target on shares of Welltower in a research report on Thursday, October 29th. Finally, BNP Paribas Exane raised their price objective on shares of Welltower from $238.00 to $272.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.81.

Welltower Stock Down 0.0%

Shares of NYSE:WELL opened at $245.32 on Friday. Welltower Inc. has a fifty-two week low of $181.47 and a fifty-two week high of $255.20. The firm’s 50 day moving average price is $233.83 and its 200 day moving average price is $219.61. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39. The stock has a market cap of $179.97 billion, a price-to-earnings ratio of 106.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue was up 38.4% on a year-over-year basis. As a group, equities research analysts predict that Welltower Inc. will post 6.51 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 10th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is presently 147.19%.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $242.06 per share, with a total value of $1,210,300.00. Following the transaction, the director owned 30,000 shares in the company, valued at approximately $7,261,800. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. Insiders own 0.37% of the company’s stock.

About Welltower

Welltower Inc is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties.

The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom.

Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.