Welltower Inc. (NYSE:WELL) Position Boosted by APG Asset Management N.V.

APG Asset Management N.V. raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 228.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 69,017 shares of the real estate investment trust’s stock after purchasing an additional 48,000 shares during the period. APG Asset Management N.V.’s holdings in Welltower were worth $6,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Orion Portfolio Solutions LLC lifted its holdings in Welltower by 6.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 13,798 shares of the real estate investment trust’s stock worth $1,239,000 after purchasing an additional 861 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Welltower by 18.0% in the 4th quarter. Parallel Advisors LLC now owns 2,559 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 390 shares during the last quarter. Stifel Financial Corp lifted its holdings in Welltower by 5.1% in the 4th quarter. Stifel Financial Corp now owns 137,374 shares of the real estate investment trust’s stock worth $12,388,000 after purchasing an additional 6,723 shares during the last quarter. Fiduciary Trust Co acquired a new stake in Welltower in the 4th quarter worth approximately $225,000. Finally, Bank of Nova Scotia lifted its holdings in Welltower by 41.8% in the 4th quarter. Bank of Nova Scotia now owns 66,930 shares of the real estate investment trust’s stock worth $6,035,000 after purchasing an additional 19,730 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.5 %

Shares of WELL stock opened at $127.20 on Monday. The firm has a market cap of $76.05 billion, a P/E ratio of 157.04, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The business has a 50-day moving average price of $119.69 and a two-hundred day moving average price of $106.01. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. Equities analysts anticipate that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a $0.67 dividend. This is a boost from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s payout ratio is currently 330.86%.

Wall Street Analyst Weigh In

WELL has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wedbush raised their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research note on Friday, August 9th. KeyCorp raised their target price on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.38.

About Welltower

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.