KBC Group NV Has $28.42 Million Holdings in Welltower Inc. (NYSE:WELL)

KBC Group NV lifted its stake in Welltower Inc. (NYSE:WELL) by 472.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,005 shares of the real estate investment trust’s stock after acquiring an additional 183,200 shares during the period. KBC Group NV’s holdings in Welltower were worth $28,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Foundation Advisors acquired a new position in Welltower in the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower in the second quarter valued at $27,000. Meeder Asset Management Inc. bought a new position in Welltower in the second quarter worth $30,000. Centerpoint Advisors LLC bought a new position in Welltower in the second quarter worth $31,000. Finally, Fortitude Family Office LLC boosted its stake in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.2 %

Shares of WELL opened at $136.02 on Friday. The stock has a fifty day moving average price of $129.98 and a two-hundred day moving average price of $115.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $84.70 billion, a price-to-earnings ratio of 89.49, a PEG ratio of 3.03 and a beta of 1.20. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Analyst Ratings Changes

WELL has been the subject of a number of recent research reports. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted 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. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.68.

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.