Welltower Inc. (NYSE:WELL) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,756 shares of the real estate investment trust’s stock after purchasing an additional 4,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Welltower were worth $11,755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Foundation Advisors bought a new stake in shares of Welltower in the 2nd quarter worth approximately $26,000. TruNorth Capital Management LLC acquired a new stake in Welltower in the second quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in Welltower in the second quarter valued at $30,000. Rise Advisors LLC acquired a new position in shares of Welltower during the first quarter valued at $27,000. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower during the second quarter valued at $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WELL shares. Evercore ISI increased their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Wedbush increased their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company lifted their target price on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Four investment 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.38.

Welltower Trading Down 0.1 %

Shares of Welltower stock opened at $125.27 on Friday. The business has a fifty day simple moving average of $117.54 and a 200-day simple moving average of $104.68. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $131.31. The firm has a market cap of $74.90 billion, a price-to-earnings ratio of 154.65, a price-to-earnings-growth 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 (NYSE:WELL) last posted its quarterly earnings data 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. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.14%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is currently 330.86%.

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.