Welltower Inc. (NYSE:WELL) Shares Purchased by Synovus Financial Corp

Synovus Financial Corp boosted its stake in Welltower Inc. (NYSE:WELL) by 51.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,326 shares of the real estate investment trust’s stock after buying an additional 1,128 shares during the quarter. Synovus Financial Corp’s holdings in Welltower were worth $426,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of Welltower by 46.2% during the third quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust’s stock valued at $2,691,000 after acquiring an additional 6,639 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Welltower during the third quarter worth approximately $337,000. Sanctuary Advisors LLC raised its stake in Welltower by 82.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 153,586 shares of the real estate investment trust’s stock valued at $21,181,000 after purchasing an additional 69,228 shares during the last quarter. M&T Bank Corp lifted its holdings in Welltower by 3.2% in the 3rd quarter. M&T Bank Corp now owns 77,858 shares of the real estate investment trust’s stock valued at $9,968,000 after purchasing an additional 2,389 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in Welltower by 5.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,416 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 131 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WELL shares. Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Raymond James increased their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Mizuho upped their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus price target of $125.86.

Welltower Stock Performance

NYSE WELL opened at $125.59 on Thursday. The stock has a fifty day simple moving average of $133.15 and a 200-day simple moving average of $120.99. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $78.20 billion, a PE ratio of 82.63, a P/E/G ratio of 2.88 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.13%. 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.