Xponance Inc. Raises Position in Welltower Inc. (NYSE:WELL)

Xponance Inc. lifted its stake in Welltower Inc. (NYSE:WELL) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,771 shares of the real estate investment trust’s stock after purchasing an additional 4,036 shares during the quarter. Xponance Inc.’s holdings in Welltower were worth $8,420,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WELL. Nomura Holdings Inc. bought a new stake in Welltower during the 4th quarter valued at about $8,857,000. Connors Investor Services Inc. boosted its holdings 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 purchasing an additional 11,238 shares during the period. Nordea Investment Management AB grew its stake in Welltower by 88.1% in the first 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 Welltower by 7.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock worth $91,955,000 after purchasing an additional 72,968 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in Welltower by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after purchasing an additional 849,898 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 2.7 %

Shares of NYSE WELL opened at $128.60 on Tuesday. The company has a market capitalization of $76.89 billion, a P/E ratio of 158.76, a P/E/G ratio of 2.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The company has a 50 day simple moving average of $118.00 and a 200-day simple moving average of $105.03. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $131.31.

Welltower (NYSE:WELL) last posted its 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. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. On average, equities research analysts predict that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The company also recently disclosed 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 a boost from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s payout ratio is 330.86%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company upped their price objective on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Wedbush lifted their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $113.38.

Welltower 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.