Impax Asset Management Group plc Purchases 6,927 Shares of Welltower Inc. (NYSE:WELL)

Impax Asset Management Group plc boosted its position in Welltower Inc. (NYSE:WELL) by 23.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,375 shares of the real estate investment trust’s stock after purchasing an additional 6,927 shares during the quarter. Impax Asset Management Group plc’s holdings in Welltower were worth $4,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the period. Old North State Wealth Management LLC grew its position in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after purchasing an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after purchasing an additional 82 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Welltower by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 94 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Welltower by 14.1% in the third quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 96 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WELL shares. Wedbush upped their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Trading Up 1.2 %

Shares of WELL stock opened at $136.02 on Friday. The firm has a market capitalization of $84.70 billion, a P/E ratio of 89.49, a P/E/G ratio of 3.03 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $129.98 and its 200 day simple moving average is $115.10.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.97%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

About Welltower

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.