Advisors Asset Management Inc. Purchases 3,460 Shares of Welltower Inc. (NYSE:WELL)

Advisors Asset Management Inc. raised its stake in shares of Welltower Inc. (NYSE:WELL) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,925 shares of the real estate investment trust’s stock after acquiring an additional 3,460 shares during the quarter. Advisors Asset Management Inc.’s holdings in Welltower were worth $5,880,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Welltower during the 3rd quarter worth approximately $1,497,000. Prospera Private Wealth LLC acquired a new position in Welltower in the 3rd quarter worth about $133,000. West Family Investments Inc. purchased a new position in shares of Welltower during the 3rd quarter valued at approximately $215,000. Aberdeen Wealth Management LLC purchased a new position in Welltower during the third quarter valued at $211,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Welltower by 1.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 215,475 shares of the real estate investment trust’s stock worth $27,587,000 after buying an additional 2,711 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.4 %

WELL opened at $137.96 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $130.94 and its 200-day moving average is $116.56. The firm has a market capitalization of $85.91 billion, a P/E ratio of 90.76, a P/E/G ratio of 3.10 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 posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. Analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Analysts Set New Price Targets

WELL has been the subject of several research reports. Scotiabank upped their price objective on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. Royal Bank of Canada boosted their price objective on shares of 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 research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average target price 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.