UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 5,982,711 Shares of Welltower Inc. (NYSE:WELL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Welltower Inc. (NYSE:WELL) by 638.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,920,426 shares of the real estate investment trust’s stock after acquiring an additional 5,982,711 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.11% of Welltower worth $886,022,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC grew its position in Welltower by 37.0% during the 3rd 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% during 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 acquiring an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in 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 acquiring an additional 82 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 94 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in Welltower by 14.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on WELL. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Evercore ISI lifted their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Scotiabank lifted their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Stock Up 0.2 %

Shares of NYSE:WELL opened at $139.30 on Thursday. The company has a market capitalization of $86.74 billion, a price-to-earnings ratio of 91.64, a P/E/G ratio of 3.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business’s 50-day moving average is $131.70 and its 200-day moving average is $117.80. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75.

Welltower (NYSE:WELL) last announced its quarterly earnings data 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current 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 given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

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.