AIA Group Ltd Has $1.77 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

AIA Group Ltd raised its holdings in Welltower Inc. (NYSE:WELL) by 4.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,800 shares of the real estate investment trust’s stock after acquiring an additional 600 shares during the period. AIA Group Ltd’s holdings in Welltower were worth $1,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in WELL. Fortitude Family Office LLC grew its stake 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 worth $37,000 after acquiring an additional 78 shares during the last quarter. Old North State Wealth Management LLC grew its position in Welltower by 0.6% in 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 during the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Welltower by 0.9% during the 3rd 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 lifted its stake 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 during the period. Finally, GHP Investment Advisors Inc. lifted 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.

Analyst Ratings Changes

Several research firms have commented on WELL. Wedbush upped their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. 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 report on Friday, August 9th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Five 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 MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $115.38.

Welltower Price Performance

Shares of Welltower stock opened at $138.27 on Friday. The stock has a market capitalization of $86.10 billion, a price-to-earnings ratio of 90.97, a P/E/G ratio of 2.99 and a beta of 1.20. The firm’s 50-day moving average price is $128.94 and its two-hundred day moving average price is $113.94. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 1-year low of $84.38 and a 1-year high of $140.19.

Welltower (NYSE:WELL) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. On average, equities analysts predict that Welltower Inc. will post 4.31 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Welltower Company 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.