Assenagon Asset Management S.A. Grows Position in Welltower Inc. (NYSE:WELL)

Assenagon Asset Management S.A. increased its holdings in Welltower Inc. (NYSE:WELL) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,931 shares of the real estate investment trust’s stock after buying an additional 365 shares during the period. Assenagon Asset Management S.A.’s holdings in Welltower were worth $2,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WELL. Fortitude Family Office LLC increased its stake in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Old North State Wealth Management LLC raised its position in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after buying an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 82 shares during the last quarter. Graypoint LLC raised its position in Welltower by 2.5% in the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 84 shares during the period. Finally, Valeo Financial Advisors LLC grew its position in Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 1.9 %

Welltower stock opened at $131.17 on Thursday. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company has a market capitalization of $81.68 billion, a price-to-earnings ratio of 86.30, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22. The business’s fifty day simple moving average is $130.23 and its two-hundred day simple moving average is $124.91. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. As a group, equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.04%. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WELL. Scotiabank raised their price target on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Mizuho raised their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Raymond James upped their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $127.63.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.