Welltower Inc. (NYSE:WELL) Position Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in Welltower Inc. (NYSE:WELL) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 112,756 shares of the real estate investment trust’s stock after buying an additional 4,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Welltower were worth $11,755,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Corient Private Wealth LLC raised its position in Welltower by 3.2% during the fourth quarter. Corient Private Wealth LLC now owns 33,188 shares of the real estate investment trust’s stock valued at $2,993,000 after buying an additional 1,025 shares during the period. Assetmark Inc. purchased a new position in Welltower during the 4th quarter valued at about $162,000. US Bancorp DE increased its holdings in shares of Welltower by 21.4% in the 4th quarter. US Bancorp DE now owns 47,833 shares of the real estate investment trust’s stock valued at $4,313,000 after purchasing an additional 8,431 shares during the period. Commerce Bank lifted its position in shares of Welltower by 15.0% in the fourth quarter. Commerce Bank now owns 30,760 shares of the real estate investment trust’s stock worth $2,774,000 after purchasing an additional 4,003 shares in the last quarter. Finally, FineMark National Bank & Trust boosted its holdings in shares of Welltower by 4.9% during the fourth quarter. FineMark National Bank & Trust now owns 3,019 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Down 0.1 %

NYSE:WELL opened at $125.27 on Friday. The company’s 50 day moving average is $117.54 and its 200-day moving average is $104.68. 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. The firm has a market cap of $74.90 billion, a price-to-earnings ratio of 154.65, a P/E/G ratio of 2.97 and a beta of 1.21.

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

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.14%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is 330.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. KeyCorp increased their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Royal Bank of Canada increased their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. 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. Finally, Wells Fargo & Company lifted their price target on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

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.