Franklin Resources Inc. Has $49.93 Million Holdings in Welltower Inc. (NYSE:WELL)

Franklin Resources Inc. raised its position in shares of Welltower Inc. (NYSE:WELL) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,264 shares of the real estate investment trust’s stock after purchasing an additional 12,265 shares during the period. Franklin Resources Inc. owned 0.06% of Welltower worth $49,925,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. First Foundation Advisors acquired a new stake in shares of Welltower in the second quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the 2nd quarter worth approximately $30,000. Centerpoint Advisors LLC bought a new stake in Welltower during the second quarter worth approximately $31,000. Fortitude Family Office LLC boosted its position in Welltower by 37.0% during the third 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. Finally, Ashton Thomas Securities LLC acquired a new position in Welltower during the third quarter valued at approximately $50,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Up 0.4 %

WELL opened at $129.23 on Wednesday. The company has a market capitalization of $80.47 billion, a P/E ratio of 85.02, a P/E/G ratio of 2.88 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 firm’s fifty day moving average price is $133.13 and its two-hundred day moving average price is $120.96. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for 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%. Welltower’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. On average, analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. Welltower’s payout ratio is presently 176.32%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. 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, November 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI raised their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.63.

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.