1832 Asset Management L.P. Has $4.66 Million Holdings in Welltower Inc. (NYSE:WELL)

1832 Asset Management L.P. grew its holdings in Welltower Inc. (NYSE:WELL) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,700 shares of the real estate investment trust’s stock after purchasing an additional 4,800 shares during the period. 1832 Asset Management L.P.’s holdings in Welltower were worth $4,660,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Frank Rimerman Advisors LLC raised its holdings in shares of Welltower by 27,142.9% during the second quarter. Frank Rimerman Advisors LLC now owns 9,535 shares of the real estate investment trust’s stock worth $994,000 after acquiring an additional 9,500 shares in the last quarter. ProShare Advisors LLC increased its position in Welltower by 12.9% in the 2nd quarter. ProShare Advisors LLC now owns 114,337 shares of the real estate investment trust’s stock worth $11,920,000 after purchasing an additional 13,076 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Welltower by 11.0% during the 2nd quarter. Profund Advisors LLC now owns 9,263 shares of the real estate investment trust’s stock worth $966,000 after purchasing an additional 915 shares in the last quarter. C2C Wealth Management LLC acquired a new stake in shares of Welltower during the 2nd quarter valued at about $208,000. Finally, Legacy Financial Advisors Inc. increased its holdings in Welltower by 11.9% in the second quarter. Legacy Financial Advisors Inc. now owns 2,585 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 274 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Down 0.7 %

Shares of WELL opened at $127.64 on Wednesday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $118.44 and a two-hundred day moving average price of $105.28. The stock has a market cap of $76.32 billion, a price-to-earnings ratio of 157.58, a P/E/G ratio of 2.97 and a beta of 1.21. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $131.31.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. Equities analysts predict that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a dividend of $0.67 per share. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio (DPR) is currently 330.86%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank boosted their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Royal Bank of Canada increased their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Morgan Stanley boosted their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.38.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.