Norden Group LLC Purchases Shares of 4,103 Welltower Inc. (NYSE:WELL)

Norden Group LLC purchased a new stake in shares of Welltower Inc. (NYSE:WELLFree Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,103 shares of the real estate investment trust’s stock, valued at approximately $383,000.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Welltower during the 4th quarter valued at approximately $2,453,039,000. Vanguard Group Inc. increased its holdings in shares of Welltower by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock valued at $7,748,369,000 after purchasing an additional 5,173,079 shares in the last quarter. Capital International Investors increased its holdings in shares of Welltower by 6.3% during the 4th quarter. Capital International Investors now owns 23,132,262 shares of the real estate investment trust’s stock valued at $2,085,836,000 after purchasing an additional 1,361,150 shares in the last quarter. UBS Group AG increased its holdings in shares of Welltower by 147.7% during the 4th quarter. UBS Group AG now owns 1,072,283 shares of the real estate investment trust’s stock valued at $96,688,000 after purchasing an additional 639,355 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Welltower by 1,412.2% during the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock valued at $54,062,000 after purchasing an additional 555,353 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 1.9 %

NYSE WELL opened at $104.42 on Tuesday. Welltower Inc. has a 52 week low of $77.90 and a 52 week high of $106.50. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $101.77 and its 200-day simple moving average is $94.68. The firm has a market cap of $62.43 billion, a PE ratio of 128.91, a P/E/G ratio of 2.63 and a beta of 1.18.

Welltower (NYSE:WELLGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm’s revenue was up 19.2% on a year-over-year basis. As a group, equities analysts anticipate that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were issued a $0.61 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.44 annualized dividend and a yield of 2.34%. Welltower’s dividend payout ratio (DPR) is currently 301.23%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent research reports. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Sunday, June 30th. KeyCorp lifted their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Mizuho lifted their price target on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. BNP Paribas initiated coverage on shares of Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Get Our Latest Stock Report on WELL

Insider Activity at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the sale, the director now directly owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by insiders.

Welltower Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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