OVERSEA CHINESE BANKING Corp Ltd Has $20.23 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

OVERSEA CHINESE BANKING Corp Ltd increased its stake in Welltower Inc. (NYSE:WELL) by 26.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,022 shares of the real estate investment trust’s stock after acquiring an additional 32,889 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Welltower were worth $20,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harbour Investments Inc. lifted its stake in shares of Welltower by 3.8% in the third quarter. Harbour Investments Inc. now owns 4,215 shares of the real estate investment trust’s stock worth $540,000 after acquiring an additional 156 shares during the period. Buckingham Capital Management Inc. lifted its stake in Welltower by 29.6% in the third quarter. Buckingham Capital Management Inc. now owns 35,954 shares of the real estate investment trust’s stock valued at $4,603,000 after buying an additional 8,214 shares during the period. Venturi Wealth Management LLC lifted its stake in Welltower by 91.7% in the third quarter. Venturi Wealth Management LLC now owns 508 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 243 shares during the period. GDS Wealth Management acquired a new position in Welltower in the third quarter valued at approximately $437,000. Finally, Catalytic Wealth RIA LLC lifted its stake in Welltower by 61.1% in the third quarter. Catalytic Wealth RIA LLC now owns 15,371 shares of the real estate investment trust’s stock valued at $1,968,000 after buying an additional 5,829 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on WELL. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted 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. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Trading Down 0.4 %

Shares of Welltower stock opened at $137.67 on Tuesday. The stock has a fifty day simple moving average of $128.94 and a 200 day simple moving average of $114.23. Welltower Inc. has a 12-month low of $84.38 and a 12-month high of $140.19. The company has a market capitalization of $85.73 billion, a P/E ratio of 90.57, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

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

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.95%. Welltower’s dividend payout ratio (DPR) is presently 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.