Agate Pass Investment Management LLC Takes $871,000 Position in Welltower Inc. (NYSE:WELL)

Agate Pass Investment Management LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,915 shares of the real estate investment trust’s stock, valued at approximately $871,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares in the last quarter. FMR LLC grew its position in Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after acquiring an additional 3,977,845 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after purchasing an additional 62,942 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after purchasing an additional 46,332 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of NYSE WELL traded down $0.03 during trading hours on Monday, reaching $124.75. The stock had a trading volume of 637,576 shares, compared to its average volume of 2,138,884. The firm has a market cap of $77.68 billion, a price-to-earnings ratio of 82.07, a PEG ratio of 2.90 and a beta of 1.22. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The firm has a 50-day moving average of $131.25 and a 200-day moving average of $123.74. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business 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 business’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. Equities research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.15%. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

Several equities analysts have commented on WELL shares. Evercore ISI boosted their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Scotiabank lifted their price objective on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Raymond James upped their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.63.

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.