Welltower Inc. (NYSE:WELL) Shares Bought by APG Asset Management US Inc.

APG Asset Management US Inc. lifted its stake in Welltower Inc. (NYSE:WELL) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,237,867 shares of the real estate investment trust’s stock after buying an additional 85,000 shares during the period. Welltower makes up 0.7% of APG Asset Management US Inc.’s portfolio, making the stock its 27th biggest position. APG Asset Management US Inc. owned 0.21% of Welltower worth $128,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Welltower by 3.8% in the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after buying an additional 3,257,213 shares during the period. Capital International Investors boosted its position in shares of Welltower by 26.4% in the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after buying an additional 6,104,064 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Welltower by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after buying an additional 62,942 shares during the period. Centersquare Investment Management LLC boosted its holdings in Welltower by 19.0% in the first 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 purchasing an additional 849,898 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Welltower by 12.4% in the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock valued at $414,229,000 after purchasing an additional 489,533 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Wedbush increased their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. KeyCorp increased their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Morgan Stanley increased their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Four 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.com, Welltower presently has an average rating of “Moderate Buy” and an average price target of $113.38.

Welltower Stock Up 1.2 %

WELL opened at $129.08 on Thursday. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $131.31. The stock has a market cap of $78.63 billion, a P/E ratio of 159.36, a P/E/G ratio of 2.97 and a beta of 1.21. The stock’s 50 day moving average price is $118.44 and its 200 day moving average price is $105.28. 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 (NYSE:WELL) last issued its quarterly 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. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, research analysts predict that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, August 12th. 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%. Welltower’s dividend payout ratio (DPR) is 330.86%.

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.