Bamco Inc. NY Acquires 164,685 Shares of Welltower Inc. (NYSE:WELL)

Bamco Inc. NY grew its holdings in Welltower Inc. (NYSE:WELL) by 20.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 974,759 shares of the real estate investment trust’s stock after purchasing an additional 164,685 shares during the quarter. Bamco Inc. NY’s holdings in Welltower were worth $124,798,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Atria Investments Inc raised its stake in Welltower by 19.4% during the first quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock worth $2,558,000 after acquiring an additional 4,444 shares in the last quarter. Cetera Investment Advisers increased its position in Welltower by 527.5% during the 1st quarter. Cetera Investment Advisers now owns 82,174 shares of the real estate investment trust’s stock worth $7,678,000 after purchasing an additional 69,078 shares in the last quarter. Cetera Advisors LLC boosted its position in Welltower by 17.4% in the first quarter. Cetera Advisors LLC now owns 23,171 shares of the real estate investment trust’s stock valued at $2,165,000 after buying an additional 3,429 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Welltower by 26.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,865 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 394 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Welltower by 11.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,941 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WELL shares. Wedbush raised their price objective on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Scotiabank lifted their price target on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have issued 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 target price of $117.50.

Welltower Trading Down 0.8 %

WELL opened at $138.18 on Monday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The company has a fifty day moving average of $132.24 and a 200-day moving average of $118.48. The stock has a market cap of $86.04 billion, a PE ratio of 90.91, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. On average, sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders 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 payout ratio is 176.32%.

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.