Welltower Inc. $WELL Stock Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. grew its stake in shares of Welltower Inc. (NYSE:WELL) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,280 shares of the real estate investment trust’s stock after purchasing an additional 22,764 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Welltower were worth $37,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WELL. RHL Group LLC raised its stake in Welltower by 146.7% in the third quarter. RHL Group LLC now owns 111 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 66 shares in the last quarter. Kilter Group LLC bought a new stake in Welltower during the 2nd quarter valued at approximately $29,000. Solstein Capital LLC bought a new stake in Welltower during the 2nd quarter valued at approximately $34,000. Fulcrum Asset Management LLP bought a new stake in Welltower during the 3rd quarter valued at approximately $37,000. Finally, Summit Securities Group LLC grew its holdings in shares of Welltower by 42.6% during the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research reports. Royal Bank Of Canada increased their target price on Welltower from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group lifted their price target on Welltower from $269.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on Welltower from $266.00 to $268.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. increased their price objective on Welltower from $260.00 to $273.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Freedom Broker upgraded Welltower from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $263.10.

Welltower Trading Down 0.1%

NYSE WELL opened at $244.62 on Friday. Welltower Inc. has a 12 month low of $181.47 and a 12 month high of $255.20. The stock has a market cap of $179.45 billion, a P/E ratio of 105.89, a P/E/G ratio of 1.17 and a beta of 0.79. The stock’s fifty day moving average price is $234.56 and its 200-day moving average price is $221.17. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.39.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. Welltower had a return on equity of 3.61% and a net margin of 12.08%. Welltower’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 EPS. As a group, equities analysts forecast that Welltower Inc. will post 6.50 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is currently 147.19%.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of $242.06 per share, with a total value of $1,210,300.00. Following the completion of the acquisition, the director owned 30,000 shares of the company’s stock, valued at approximately $7,261,800. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. Company insiders own 0.37% of the company’s stock.

About Welltower

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.