Nemes Rush Group LLC Acquires 43,804 Shares of Welltower Inc. $WELL

Nemes Rush Group LLC raised its holdings in Welltower Inc. (NYSE:WELL) by 21,902.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,004 shares of the real estate investment trust’s stock after acquiring an additional 43,804 shares during the quarter. Nemes Rush Group LLC’s holdings in Welltower were worth $10,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in Welltower by 13.0% in the 2nd quarter. NewEdge Advisors LLC now owns 238,162 shares of the real estate investment trust’s stock valued at $54,056,000 after purchasing an additional 27,345 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Welltower by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,345,022 shares of the real estate investment trust’s stock valued at $1,649,844,000 after buying an additional 57,938 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Welltower by 9.4% during the second quarter. Envestnet Asset Management Inc. now owns 916,367 shares of the real estate investment trust’s stock worth $207,986,000 after buying an additional 79,088 shares in the last quarter. Swiss National Bank grew its position in shares of Welltower by 9.9% during the first quarter. Swiss National Bank now owns 2,014,200 shares of the real estate investment trust’s stock worth $398,227,000 after buying an additional 181,400 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Welltower by 1.4% during the second quarter. State Street Corp now owns 42,138,810 shares of the real estate investment trust’s stock worth $9,564,246,000 after buying an additional 578,033 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Transactions at Welltower

In related news, Director Andrew Gundlach purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the completion of the purchase, the director directly owned 30,000 shares of the company’s stock, valued at approximately $7,261,800. This trade represents a 20.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by company insiders.

Welltower Stock Up 0.9%

Shares of NYSE WELL opened at $247.22 on Tuesday. The business has a 50-day moving average of $234.03 and a two-hundred day moving average of $219.92. The company has a market capitalization of $181.36 billion, a price-to-earnings ratio of 107.02, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. Welltower Inc. has a 1 year low of $181.47 and a 1 year high of $255.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. On average, analysts forecast that Welltower Inc. will post 6.51 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Welltower’s dividend payout ratio is 147.19%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WELL. JPMorgan Chase & Co. upgraded shares of Welltower from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $230.00 to $260.00 in a research note on Thursday, September 24th. Raymond James Financial reiterated an “outperform” rating and issued a $263.00 price target on shares of Welltower in a research note on Thursday, October 29th. Royal Bank Of Canada boosted their price target on shares of Welltower from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Wells Fargo & Company increased their price objective on shares of Welltower from $266.00 to $268.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Finally, Mizuho increased their price objective on shares of Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.81.

Welltower Profile

Welltower Inc is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties.

The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom.

Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.