Vanguard Personalized Indexing Management LLC Acquires 5,118 Shares of Welltower Inc. (NYSE:WELL)

Vanguard Personalized Indexing Management LLC grew its stake in Welltower Inc. (NYSE:WELL) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,995 shares of the real estate investment trust’s stock after purchasing an additional 5,118 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Welltower were worth $5,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Nomura Holdings Inc. bought a new position in Welltower during the 4th quarter valued at about $8,857,000. Connors Investor Services Inc. raised its stake in shares of Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after acquiring an additional 11,238 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Welltower by 88.1% in the 1st quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock worth $104,072,000 after acquiring an additional 523,656 shares in the last quarter. TCW Group Inc. grew its position in Welltower by 26.6% during the 4th quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock worth $8,085,000 after acquiring an additional 18,807 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Welltower by 7.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock valued at $91,955,000 after purchasing an additional 72,968 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of Welltower stock opened at $127.66 on Thursday. Welltower Inc. has a 52 week low of $78.38 and a 52 week high of $131.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The stock has a market capitalization of $76.33 billion, a price-to-earnings ratio of 157.60, a PEG ratio of 2.97 and a beta of 1.21. The firm has a fifty day moving average of $116.70 and a two-hundred day moving average of $104.22.

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

Welltower Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.10%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Wall Street Analyst Weigh In

WELL has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Evercore ISI upped their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday. Scotiabank raised their price objective on shares of Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company upped their target price on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, Wedbush raised their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

About Welltower

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.