Rockefeller Capital Management L.P. Has $8.99 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Rockefeller Capital Management L.P. increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,276 shares of the real estate investment trust’s stock after acquiring an additional 4,470 shares during the period. Rockefeller Capital Management L.P.’s holdings in Welltower were worth $8,988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after acquiring an additional 5,982,711 shares in the last quarter. FMR LLC increased its holdings in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new position in Welltower in the 2nd quarter worth approximately $254,977,000. Canada Pension Plan Investment Board boosted its position in Welltower by 24.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock valued at $220,223,000 after buying an additional 417,046 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Welltower by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after buying an additional 291,839 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.9 %

NYSE:WELL opened at $132.86 on Wednesday. The stock has a market cap of $82.73 billion, a price-to-earnings ratio of 87.41, a PEG ratio of 3.01 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $132.45 and a two-hundred day moving average price of $118.93. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75.

Welltower (NYSE:WELL) last announced its 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 company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. As a group, equities analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WELL shares. Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Royal Bank of Canada upped their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Finally, Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average target price of $117.50.

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.