UMB Bank n.a. Has $27.97 Million Holdings in Welltower Inc. (NYSE:WELL)

UMB Bank n.a. increased its position in shares of Welltower Inc. (NYSE:WELL) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,486 shares of the real estate investment trust’s stock after buying an additional 40,175 shares during the period. UMB Bank n.a.’s holdings in Welltower were worth $27,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC bought a new position in Welltower during the third quarter worth about $225,000. Atomi Financial Group Inc. boosted its holdings in shares of Welltower by 15.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 5,020 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 666 shares during the period. Diversified Trust Co grew its stake in Welltower by 93.8% in the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after buying an additional 8,940 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Welltower by 4.0% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 9,743 shares of the real estate investment trust’s stock valued at $1,247,000 after acquiring an additional 378 shares during the period. Finally, GAMMA Investing LLC lifted its position in Welltower by 32.0% during the third quarter. GAMMA Investing LLC now owns 9,083 shares of the real estate investment trust’s stock worth $1,163,000 after acquiring an additional 2,201 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WELL. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Morgan Stanley lifted their price target on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft increased their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Welltower Price Performance

Shares of WELL stock traded down $1.82 on Thursday, hitting $122.52. 375,911 shares of the company’s stock were exchanged, compared to its average volume of 2,711,450. Welltower Inc. has a 12 month low of $80.80 and a 12 month high of $131.31. 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 moving average of $122.23 and a 200 day moving average of $107.80. The stock has a market cap of $73.26 billion, a P/E ratio of 153.51, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21.

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

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is 330.86%.

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.