Intech Investment Management LLC Purchases 8,191 Shares of Welltower Inc. (NYSE:WELL)

Intech Investment Management LLC raised its position in shares of Welltower Inc. (NYSE:WELL) by 36.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,485 shares of the real estate investment trust’s stock after acquiring an additional 8,191 shares during the quarter. Intech Investment Management LLC’s holdings in Welltower were worth $3,178,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WELL. Nomura Holdings Inc. acquired a new position in shares of Welltower during the 4th quarter valued at $8,857,000. Connors Investor Services Inc. raised its holdings in shares of Welltower by 10.6% during 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 purchasing an additional 11,238 shares during the period. Nordea Investment Management AB boosted its position in shares of Welltower by 88.1% during 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 purchasing an additional 523,656 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Welltower by 7.7% in 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 buying an additional 72,968 shares during the period. Finally, Centersquare Investment Management LLC increased its position in Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after buying an additional 849,898 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of WELL opened at $125.27 on Monday. The stock has a 50 day moving average of $117.54 and a 200 day moving average of $104.77. The company has a market capitalization of $74.90 billion, a price-to-earnings ratio of 154.65, a PEG ratio of 2.97 and a beta of 1.21. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $131.31. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47.

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

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio is currently 330.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WELL shares. Wells Fargo & Company raised their price objective on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, KeyCorp raised their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Welltower Company Profile

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.