Beck Capital Management LLC Makes New $2.45 Million Investment in Welltower Inc. (NYSE:WELL)

Beck Capital Management LLC purchased a new stake in Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,138 shares of the real estate investment trust’s stock, valued at approximately $2,450,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Welltower by 638.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after buying an additional 5,982,711 shares in the last quarter. FMR LLC grew its stake in Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after acquiring an additional 3,977,845 shares in the last quarter. Duff & Phelps Investment Management Co. purchased a new position in Welltower during the second quarter valued at approximately $254,977,000. Canada Pension Plan Investment Board increased its holdings in Welltower by 24.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock worth $220,223,000 after acquiring an additional 417,046 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Welltower by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock worth $373,126,000 after purchasing an additional 291,839 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Down 0.8 %

WELL stock opened at $138.18 on Monday. The company has a market capitalization of $86.04 billion, a PE ratio of 90.91, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company’s 50 day moving average price is $132.24 and its two-hundred day moving average price is $118.48.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.94%. Welltower’s payout ratio is 176.32%.

Analyst Ratings Changes

WELL has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wedbush boosted their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.50.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.