Cubist Systematic Strategies LLC Has $2.80 Million Stake in Welltower Inc (NYSE:WELL)

Cubist Systematic Strategies LLC grew its holdings in Welltower Inc (NYSE:WELL) by 645.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,013 shares of the real estate investment trust’s stock after acquiring an additional 46,763 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Welltower were worth $2,795,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WELL. HHM Wealth Advisors LLC bought a new stake in shares of Welltower in the first quarter worth about $32,000. NuWave Investment Management LLC bought a new stake in shares of Welltower in the second quarter worth about $33,000. Truvestments Capital LLC bought a new stake in shares of Welltower in the first quarter worth about $35,000. CVA Family Office LLC bought a new stake in shares of Welltower in the first quarter worth about $41,000. Finally, Blue Square Asset Management LLC bought a new position in shares of Welltower during the second quarter worth about $42,000. Institutional investors own 89.24% of the company’s stock.

Shares of WELL opened at $60.71 on Wednesday. The company has a market capitalization of $25.33 billion, a PE ratio of 19.15, a PEG ratio of 5.67 and a beta of 0.83. Welltower Inc has a 12 month low of $24.27 and a 12 month high of $93.17. The stock’s 50-day moving average price is $57.07 and its two-hundred day moving average price is $52.84. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.85.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.44). Welltower had a net margin of 26.20% and a return on equity of 8.64%. Equities research analysts predict that Welltower Inc will post 3.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 18th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Monday, August 17th. Welltower’s payout ratio is 58.65%.

WELL has been the subject of several recent research reports. BMO Capital Markets reissued a “hold” rating and set a $52.00 price target on shares of Welltower in a research report on Wednesday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price objective on shares of Welltower in a research report on Tuesday, September 1st. Barclays lifted their price target on Welltower from $50.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Citigroup lifted their price target on Welltower from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Canaccord Genuity raised Welltower to a “speculative buy” rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.80.

Welltower 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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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