Welltower Inc. (NYSE:WELL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,066,213 shares of the real estate investment trust’s stock after purchasing an additional 46,332 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Welltower were worth $776,657,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WELL. Bessemer Group Inc. boosted its stake in Welltower by 22.8% during the first quarter. Bessemer Group Inc. now owns 4,113 shares of the real estate investment trust’s stock worth $384,000 after buying an additional 764 shares during the last quarter. Lake Street Advisors Group LLC raised its position in shares of Welltower by 37.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,935 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 1,082 shares during the period. Pitcairn Co. purchased a new stake in Welltower in the first quarter valued at $230,000. CreativeOne Wealth LLC lifted its position in Welltower by 13.5% in the first quarter. CreativeOne Wealth LLC now owns 6,121 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 729 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in Welltower by 9.1% in the 1st quarter. EP Wealth Advisors LLC now owns 3,387 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 283 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WELL has been the topic of a number of recent research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Scotiabank increased their price target on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research report on Monday, September 23rd. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Wedbush raised their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Price Performance

WELL stock remained flat at $137.40 on Thursday. The company had a trading volume of 77,592 shares, compared to its average volume of 2,656,677. The company has a market cap of $85.56 billion, a price-to-earnings ratio of 90.43, a PEG ratio of 3.10 and a beta of 1.20. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The company has a fifty day moving average of $130.76 and a two-hundred day moving average of $116.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities research analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. Welltower’s dividend payout ratio is currently 176.32%.

Welltower Company 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.