Duality Advisers LP acquired a new position in shares of Welltower Inc (NYSE:WELL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,287 shares of the real estate investment trust’s stock, valued at approximately $1,360,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WELL. Verus Capital Partners LLC purchased a new position in shares of Welltower during the fourth quarter valued at $58,000. Franklin Resources Inc. increased its position in Welltower by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 357,522 shares of the real estate investment trust’s stock valued at $29,238,000 after purchasing an additional 7,094 shares during the period. Fulton Bank N.A. raised its holdings in shares of Welltower by 21.5% in the 1st quarter. Fulton Bank N.A. now owns 25,439 shares of the real estate investment trust’s stock valued at $1,165,000 after purchasing an additional 4,510 shares in the last quarter. Pensionfund Sabic lifted its position in shares of Welltower by 70.5% in the 1st quarter. Pensionfund Sabic now owns 41,347 shares of the real estate investment trust’s stock worth $1,893,000 after purchasing an additional 17,100 shares during the period. Finally, Pensionfund DSM Netherlands lifted its position in shares of Welltower by 40.0% in the 1st quarter. Pensionfund DSM Netherlands now owns 83,953 shares of the real estate investment trust’s stock worth $3,843,000 after purchasing an additional 24,000 shares during the period. 88.23% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the stock. Desjardins assumed coverage on shares of Welltower in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. Deutsche Bank reduced their price target on Welltower from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Citigroup upped their price objective on Welltower from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Raymond James lowered Welltower from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $65.00 to $58.00 in a research note on Wednesday, April 29th. Finally, Wells Fargo & Co boosted their target price on shares of Welltower from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.86.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.28 billion. Welltower had a net margin of 24.71% and a return on equity of 8.51%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, sell-side analysts forecast that Welltower Inc will post 3.43 earnings per share for the current 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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