Pacer Advisors Inc. Has $9.40 Million Position in Welltower Inc. (NYSE:WELL)

Pacer Advisors Inc. boosted its holdings in Welltower Inc. (NYSE:WELL) by 74.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,455 shares of the real estate investment trust’s stock after buying an additional 31,322 shares during the quarter. Pacer Advisors Inc.’s holdings in Welltower were worth $9,404,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Trustmark National Bank Trust Department bought a new stake in shares of Welltower in the 3rd quarter valued at $452,000. Intech Investment Management LLC lifted its holdings in Welltower by 120.0% in the third quarter. Intech Investment Management LLC now owns 67,065 shares of the real estate investment trust’s stock valued at $8,586,000 after buying an additional 36,580 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Welltower by 3.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 193,743 shares of the real estate investment trust’s stock worth $24,805,000 after acquiring an additional 6,769 shares during the period. Advisors Asset Management Inc. grew its holdings in Welltower by 8.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 45,925 shares of the real estate investment trust’s stock worth $5,880,000 after acquiring an additional 3,460 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Welltower in the 3rd quarter worth about $1,497,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WELL shares. Evercore ISI upped their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised 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. Five 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.68.

Welltower Trading Up 0.0 %

Shares of WELL stock opened at $137.91 on Friday. The stock has a market capitalization of $85.88 billion, a price-to-earnings ratio of 90.73, a PEG ratio of 3.09 and a beta of 1.20. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.19. 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 company’s fifty day simple moving average is $131.10 and its two-hundred day simple moving average is $116.98.

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

Welltower Announces Dividend

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