Brooklyn Investment Group Makes New Investment in Welltower Inc. (NYSE:WELL)

Brooklyn Investment Group bought a new stake in Welltower Inc. (NYSE:WELL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,712 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its position in Welltower by 38.1% during 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 purchasing an additional 3,977,845 shares during the period. Duff & Phelps Investment Management Co. bought a new stake in Welltower in the second quarter valued at $254,977,000. Swedbank AB bought a new stake in Welltower in the first quarter valued at $66,905,000. Canada Pension Plan Investment Board boosted its holdings in shares of Welltower by 24.6% during the second quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock valued at $220,223,000 after acquiring an additional 417,046 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Welltower by 11.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock worth $373,126,000 after acquiring an additional 291,839 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Trading Up 2.4 %

Shares of Welltower stock opened at $138.96 on Wednesday. The business has a fifty day simple moving average of $131.47 and a 200-day simple moving average of $117.65. The firm has a market cap of $86.53 billion, a price-to-earnings ratio of 91.42, a price-to-earnings-growth ratio of 3.04 and a beta of 1.20. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.19. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last posted its quarterly earnings data 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities analysts forecast 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. Shareholders of record on Wednesday, November 13th were given 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 1.93%. Welltower’s dividend payout ratio (DPR) is 176.32%.

About Welltower

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.