Oak Thistle LLC Makes New Investment in Welltower Inc. (NYSE:WELL)

Oak Thistle LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELLFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,507 shares of the real estate investment trust’s stock, valued at approximately $820,000.

Several other large investors also recently modified their holdings of WELL. Wellington Management Group LLP grew its holdings in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. FMR LLC boosted its position in Welltower by 38.1% in 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 buying an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Welltower by 638.0% during the third 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 worth $886,022,000 after buying an additional 5,982,711 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Welltower by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after buying an additional 46,332 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Welltower by 11.1% during the third 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 buying an additional 291,839 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Welltower stock opened at $126.65 on Thursday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $78.86 billion, a P/E ratio of 83.32, a PEG ratio of 2.90 and a beta of 1.22. The business has a 50-day moving average of $130.92 and a 200-day moving average of $124.06. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75.

Welltower (NYSE:WELLGet Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) 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 analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, equities analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Analyst Ratings Changes

WELL has been the topic of several recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Scotiabank boosted their price objective on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.63.

Check Out Our Latest Stock Report on WELL

Welltower Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELLFree Report).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.