Versant Capital Management Inc Raises Stock Holdings in Welltower Inc. (NYSE:WELL)

Versant Capital Management Inc grew its position in Welltower Inc. (NYSE:WELL) by 165.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 300 shares of the real estate investment trust’s stock after acquiring an additional 187 shares during the quarter. Versant Capital Management Inc’s holdings in Welltower were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WELL. Van Hulzen Asset Management LLC purchased a new position in Welltower during the 2nd quarter worth $411,000. Retirement Systems of Alabama grew its holdings in shares of Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after buying an additional 16,946 shares during the last quarter. American Century Companies Inc. increased its position in Welltower by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after acquiring an additional 129,270 shares during the period. Diversified Trust Co raised its stake in Welltower by 93.8% during the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after acquiring an additional 8,940 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. acquired a new stake in Welltower during the 2nd quarter worth approximately $254,977,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on WELL shares. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Evercore ISI raised their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Raymond James boosted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Scotiabank boosted their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average price target of $127.63.

Welltower Trading Down 1.6 %

Shares of WELL stock opened at $123.85 on Tuesday. The stock has a market cap of $77.12 billion, a P/E ratio of 81.48, a P/E/G ratio of 2.90 and a beta of 1.22. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The business has a fifty day simple moving average of $132.09 and a 200-day simple moving average of $123.08.

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

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.16%. Welltower’s dividend payout ratio (DPR) is 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.