Oppenheimer & Co. Inc. Purchases 792 Shares of Welltower Inc. (NYSE:WELL)

Oppenheimer & Co. Inc. boosted its position in shares of Welltower Inc. (NYSE:WELL) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,082 shares of the real estate investment trust’s stock after purchasing an additional 792 shares during the period. Oppenheimer & Co. Inc.’s holdings in Welltower were worth $2,928,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new position in Welltower during the 4th quarter worth about $8,857,000. Connors Investor Services Inc. increased its holdings in Welltower by 10.6% during the 1st quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after purchasing an additional 11,238 shares in the last quarter. Nordea Investment Management AB boosted its stake 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 buying an additional 523,656 shares during the last quarter. TCW Group Inc. boosted its stake in shares of 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 buying an additional 18,807 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of 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 worth $91,955,000 after buying an additional 72,968 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Scotiabank increased their price objective on shares of Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Wells Fargo & Company increased their price objective on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley raised their target price on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Four equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.71.

Welltower Stock Up 0.7 %

Welltower stock opened at $129.75 on Monday. The stock has a market cap of $79.04 billion, a P/E ratio of 160.19, a P/E/G ratio of 2.97 and a beta of 1.21. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a twelve month low of $78.38 and a twelve month high of $129.87. The company’s 50-day moving average price is $115.29 and its two-hundred day moving average price is $103.55.

Welltower (NYSE:WELL) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. As a group, analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were issued a dividend of $0.67 per share. The ex-dividend date 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 2.07%. Welltower’s dividend payout ratio (DPR) is currently 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.