Brooklyn Investment Group Makes New $219,000 Investment in Welltower Inc. (NYSE:WELL)

Brooklyn Investment Group acquired a new stake in shares of Welltower Inc. (NYSE:WELL) in the third quarter, Holdings Channel reports. The fund acquired 1,712 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in Welltower by 43.7% in the 1st quarter. Lazard Asset Management LLC now owns 8,523 shares of the real estate investment trust’s stock valued at $795,000 after buying an additional 2,591 shares during the period. Waverly Advisors LLC increased its position in Welltower by 11.0% in the 1st quarter. Waverly Advisors LLC now owns 11,706 shares of the real estate investment trust’s stock worth $1,094,000 after purchasing an additional 1,161 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Welltower by 5.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 34,439 shares of the real estate investment trust’s stock worth $3,218,000 after purchasing an additional 1,798 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Welltower by 61.0% during the 1st quarter. Tidal Investments LLC now owns 21,326 shares of the real estate investment trust’s stock valued at $1,993,000 after buying an additional 8,082 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Welltower in the 1st quarter valued at approximately $548,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of NYSE WELL opened at $138.96 on Wednesday. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The company has a market cap of $86.53 billion, a P/E ratio of 91.42, a P/E/G ratio of 3.04 and a beta of 1.20. The business’s 50 day moving average is $131.47 and its two-hundred day moving average is $117.65. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company 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%. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, equities analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced 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. This represents a $2.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Evercore ISI increased their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Scotiabank upped their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wolfe Research upgraded Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

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.