Welltower Inc. (NYSE:WELL) is Windle Wealth LLC’s 3rd Largest Position

Windle Wealth LLC raised its stake in Welltower Inc. (NYSE:WELL) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,171 shares of the real estate investment trust’s stock after buying an additional 312 shares during the period. Welltower makes up approximately 4.8% of Windle Wealth LLC’s holdings, making the stock its 3rd largest holding. Windle Wealth LLC’s holdings in Welltower were worth $8,856,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in WELL. Capital International Investors boosted its position in Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after acquiring an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after acquiring an additional 62,942 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Welltower by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust’s stock worth $419,727,000 after acquiring an additional 139,430 shares during the last quarter. Zimmer Partners LP acquired a new stake in Welltower during the first quarter worth approximately $309,917,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings 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 purchasing an additional 291,839 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Welltower stock opened at $137.02 on Tuesday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The company has a market capitalization of $85.32 billion, a price-to-earnings ratio of 90.15, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm’s fifty day moving average price is $130.40 and its 200 day moving average price is $115.96.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (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%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. On average, research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WELL. Evercore ISI lifted their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Royal Bank of Canada lifted their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Five investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

About Welltower

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.