Plato Investment Management Ltd Purchases New Holdings in Welltower Inc. (NYSE:WELL)

Plato Investment Management Ltd acquired a new position in Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,075 shares of the real estate investment trust’s stock, valued at approximately $393,000.

Several other large investors have also modified their holdings of the business. Angeles Investment Advisors LLC bought a new stake in shares of Welltower during the third quarter worth $230,000. MQS Management LLC lifted its holdings in Welltower by 88.1% during the 3rd quarter. MQS Management LLC now owns 6,834 shares of the real estate investment trust’s stock valued at $875,000 after buying an additional 3,200 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Welltower by 52.5% during the 3rd quarter. Victory Capital Management Inc. now owns 363,378 shares of the real estate investment trust’s stock valued at $46,523,000 after buying an additional 125,046 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in Welltower by 3.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,296 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 109 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Welltower by 11.1% in the 3rd 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 acquiring an additional 291,839 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.4 %

NYSE:WELL opened at $134.42 on Friday. The stock has a market capitalization of $83.70 billion, a price-to-earnings ratio of 88.43, a PEG ratio of 3.03 and a beta of 1.20. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $129.77 and a 200 day moving average of $114.97.

Welltower (NYSE:WELL) last issued its quarterly earnings data 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Analyst Ratings Changes

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