Paloma Partners Management Co Buys 11,106 Shares of Welltower Inc. (NYSE:WELL)

Paloma Partners Management Co increased its stake in shares of Welltower Inc. (NYSE:WELL) by 187.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,017 shares of the real estate investment trust’s stock after buying an additional 11,106 shares during the period. Paloma Partners Management Co’s holdings in Welltower were worth $2,179,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. First Foundation Advisors purchased a new stake in Welltower in the 2nd quarter worth about $26,000. TruNorth Capital Management LLC purchased a new stake in shares of Welltower during the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new position in Welltower in the 2nd quarter valued at approximately $30,000. Fortitude Family Office LLC lifted its position in shares of 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 acquiring an additional 78 shares in the last quarter. Finally, Centerpoint Advisors LLC purchased a new position in shares of Welltower in the second quarter valued at $31,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.8 %

Shares of WELL opened at $138.18 on Monday. The firm has a market cap of $86.04 billion, a P/E ratio of 90.91, a P/E/G ratio of 3.10 and a beta of 1.20. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The stock has a 50 day simple moving average of $132.24 and a two-hundred day simple moving average of $118.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS 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 the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. 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 announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on WELL shares. Royal Bank of Canada lifted their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Scotiabank upped their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Wedbush raised their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Evercore ISI increased their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price of $117.50.

About Welltower

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.