Cerity Partners LLC Boosts Holdings in Welltower Inc. (NYSE:WELL)

Cerity Partners LLC boosted its stake in Welltower Inc. (NYSE:WELL) by 8.6% in the third quarter, Holdings Channel.com reports. The fund owned 226,114 shares of the real estate investment trust’s stock after buying an additional 17,817 shares during the quarter. Cerity Partners LLC’s holdings in Welltower were worth $28,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of WELL. First Foundation Advisors acquired a new stake in shares of Welltower in the second quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new position in Welltower in the second quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in Welltower in the second quarter valued at $30,000. Fortitude Family Office LLC raised its holdings in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Finally, Centerpoint Advisors LLC acquired a new stake in shares of Welltower during the second quarter worth about $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WELL. Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wedbush upped their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Stock Up 0.0 %

Shares of NYSE WELL opened at $137.91 on Monday. The stock has a market capitalization of $85.88 billion, a price-to-earnings ratio of 90.73, a price-to-earnings-growth ratio of 3.09 and a beta of 1.20. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19. The firm has a 50-day moving average price of $131.10 and a 200 day moving average price of $117.11. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings results 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 return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Equities research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.94%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

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.