Commons Capital LLC Buys Shares of 1,999 Welltower Inc. (NYSE:WELL)

Commons Capital LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,999 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other hedge funds have also bought and sold shares of WELL. Nomura Holdings Inc. purchased a new position in shares of Welltower during the fourth quarter worth approximately $8,857,000. Connors Investor Services Inc. raised its stake in shares of Welltower by 10.6% during the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after acquiring an additional 11,238 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Welltower by 88.1% in the first 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. increased its stake in shares of Welltower by 26.6% in the fourth quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock worth $8,085,000 after buying an additional 18,807 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of 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 worth $91,955,000 after buying an additional 72,968 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WELL has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Wedbush lifted their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. KeyCorp lifted their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. Morgan Stanley lifted their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Evercore ISI boosted their price objective on shares of Welltower from $105.00 to $106.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.58.

Welltower Stock Performance

Shares of WELL stock opened at $124.48 on Thursday. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $124.88. The stock has a market cap of $74.43 billion, a PE ratio of 153.68, a price-to-earnings-growth ratio of 2.79 and a beta of 1.18. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $112.15 and its 200-day moving average price is $101.78.

Welltower (NYSE:WELL) last issued its 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 return on equity of 2.21% and a net margin of 8.36%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. Welltower’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were given a $0.67 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.15%. Welltower’s payout ratio is 330.86%.

Welltower Company 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.