Pitcairn Co. Purchases 3,689 Shares of Welltower Inc. (NYSE:WELL)

Pitcairn Co. raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 130.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,513 shares of the real estate investment trust’s stock after acquiring an additional 3,689 shares during the quarter. Pitcairn Co.’s holdings in Welltower were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Foundation Advisors purchased a new position in Welltower during the second quarter valued at $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower during the second quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new stake in Welltower during the 2nd quarter valued at $30,000. Centerpoint Advisors LLC bought a new stake in shares of Welltower in the second quarter valued at about $31,000. Finally, Fortitude Family Office LLC lifted its position in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Up 0.0 %

Shares of Welltower stock opened at $137.91 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.19. The business has a 50-day moving average of $131.10 and a 200-day moving average of $117.11. The company has a market capitalization of $85.88 billion, a PE ratio of 90.73, a P/E/G ratio of 3.09 and a beta of 1.20.

Welltower (NYSE:WELL) last posted its quarterly earnings results 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 business had revenue of $2.06 billion during 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 quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. As a group, equities analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.94%. Welltower’s dividend payout ratio is currently 176.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Scotiabank upped their price target on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Wedbush lifted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada upped their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, Evercore ISI lifted their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $116.68.

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.