Whittier Trust Co. bought a new stake in Welltower Inc (NYSE:WELL) during the third quarter, HoldingsChannel reports. The firm bought 11,221 shares of the real estate investment trust’s stock, valued at approximately $721,000.
Several other institutional investors also recently modified their holdings of WELL. We Are One Seven LLC acquired a new stake in shares of Welltower during the 3rd quarter valued at approximately $850,000. Principal Financial Group Inc. acquired a new stake in shares of Welltower during the first quarter worth $308,744,000. Factory Mutual Insurance Co. raised its holdings in shares of Welltower by 2.3% during the third quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock worth $35,987,000 after purchasing an additional 12,500 shares during the period. Ballast Inc. acquired a new stake in shares of Welltower during the second quarter worth $228,000. Finally, Sheets Smith Wealth Management acquired a new stake in shares of Welltower during the third quarter worth $692,000. Institutional investors and hedge funds own 84.92% of the company’s stock.
WELL has been the topic of a number of research reports. TheStreet raised shares of Welltower from a “c+” rating to a “b” rating in a report on Friday, July 13th. Stifel Nicolaus set a $66.00 price objective on shares of Welltower and gave the stock a “buy” rating in a research note on Monday, July 30th. Stephens reiterated a “buy” rating and set a $64.00 price objective on shares of Welltower in a research note on Tuesday, July 31st. SunTrust Banks set a $64.00 price objective on shares of Welltower and gave the stock a “hold” rating in a research note on Monday, July 30th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $58.00 price objective on shares of Welltower in a research note on Monday, July 30th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Welltower currently has an average rating of “Hold” and a consensus price target of $63.00.
Welltower (NYSE:WELL) last posted its earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.58). Welltower had a net margin of 13.64% and a return on equity of 4.95%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Welltower Inc will post 4.03 earnings per share for the current fiscal year.
Welltower Company Profile
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
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