IFM Investors Pty Ltd Has $33.85 Million Position in Welltower Inc. (NYSE:WELL)

IFM Investors Pty Ltd boosted its stake in Welltower Inc. (NYSE:WELL) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 264,368 shares of the real estate investment trust’s stock after purchasing an additional 9,797 shares during the quarter. IFM Investors Pty Ltd’s holdings in Welltower were worth $33,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Foundation Advisors bought a new stake in Welltower during the second quarter worth $26,000. TruNorth Capital Management LLC purchased a new stake in Welltower in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. bought a new position in shares of Welltower during the 2nd quarter worth approximately $30,000. Centerpoint Advisors LLC purchased a new position in shares of Welltower in the 2nd quarter worth approximately $31,000. Finally, Manchester Capital Management LLC boosted its stake in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 254 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WELL shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wedbush lifted their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI increased their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Morgan Stanley lifted their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Stock Performance

Shares of Welltower stock traded down $0.05 during trading hours on Thursday, reaching $131.72. The company had a trading volume of 293,188 shares, compared to its average volume of 2,673,717. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. Welltower Inc. has a one year low of $80.80 and a one year high of $132.54. The firm has a market cap of $78.76 billion, a PE ratio of 162.68, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. The business has a fifty day simple moving average of $125.03 and a 200 day simple moving average of $110.40.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. On average, analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Monday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

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.