Welltower Inc. (NYSE:WELL) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 17.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,662 shares of the real estate investment trust’s stock after acquiring an additional 15,313 shares during the quarter. Public Sector Pension Investment Board’s holdings in Welltower were worth $13,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its stake in shares of 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 during the period. Dimensional Fund Advisors LP boosted its stake in Welltower by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after purchasing an additional 62,942 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Welltower by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after buying an additional 46,332 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Welltower by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust’s stock valued at $419,727,000 after buying an additional 139,430 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Welltower by 11.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after buying an additional 291,839 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $139.30 on Friday. The company has a market capitalization of $86.74 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 3.04 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. The company has a 50-day simple moving average of $131.98 and a 200 day simple moving average of $117.95. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75.

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 the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current 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 issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Wall Street Analyst Weigh In

WELL has been the subject of a number of recent research reports. Wedbush upped their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Scotiabank upped their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday. Royal Bank of Canada upped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. 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. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus 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.