Andra AP fonden Has $14.41 Million Stock Position in Welltower Inc. (NYSE:WELL)

Andra AP fonden lifted its position in shares of Welltower Inc. (NYSE:WELL) by 85.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,200 shares of the real estate investment trust’s stock after purchasing an additional 63,700 shares during the quarter. Andra AP fonden’s holdings in Welltower were worth $14,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WELL. Nomura Holdings Inc. acquired a new position in Welltower in the fourth quarter worth about $8,857,000. Connors Investor Services Inc. raised its holdings in shares of Welltower by 10.6% in the 1st quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after buying an additional 11,238 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Welltower by 88.1% during the 1st quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock worth $104,072,000 after buying an additional 523,656 shares during the period. TCW Group Inc. boosted its stake in Welltower by 26.6% in the 4th quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock valued at $8,085,000 after buying an additional 18,807 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Welltower by 7.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock valued at $91,955,000 after acquiring an additional 72,968 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WELL shares. Wells Fargo & Company boosted their target price 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. Morgan Stanley raised their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Scotiabank boosted their target price on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 7th. KeyCorp raised their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.58.

Welltower Price Performance

Shares of WELL stock opened at $128.99 on Wednesday. The firm has a market cap of $78.57 billion, a price-to-earnings ratio of 159.25, a PEG ratio of 2.88 and a beta of 1.21. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $129.11. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $113.89 and a 200 day moving average price of $102.77.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. Research analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s payout ratio is presently 330.86%.

Welltower Profile

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.