O Shaughnessy Asset Management LLC Buys 27,016 Shares of Welltower Inc. (NYSE:WELL)

O Shaughnessy Asset Management LLC increased its stake in shares of Welltower Inc. (NYSE:WELL) by 89.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 57,257 shares of the real estate investment trust’s stock after purchasing an additional 27,016 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Welltower were worth $4,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Price T Rowe Associates Inc. MD increased its position in shares of Welltower by 12.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,431,012 shares of the real estate investment trust’s stock valued at $1,614,717,000 after purchasing an additional 2,107,730 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Welltower by 36.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,433,370 shares of the real estate investment trust’s stock valued at $530,109,000 after purchasing an additional 1,721,116 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Welltower by 301.4% during the 2nd quarter. Macquarie Group Ltd. now owns 2,186,648 shares of the real estate investment trust’s stock valued at $181,711,000 after purchasing an additional 1,641,929 shares during the last quarter. Zimmer Partners LP boosted its holdings in Welltower by 148.9% during the 2nd quarter. Zimmer Partners LP now owns 2,737,500 shares of the real estate investment trust’s stock valued at $227,486,000 after acquiring an additional 1,637,500 shares during the period. Finally, Amundi purchased a new position in Welltower during the 2nd quarter valued at $107,594,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on WELL shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $80.00 to $102.00 and gave the company a “buy” rating in a report on Monday, September 20th. Raymond James boosted their price objective on Welltower from $98.00 to $100.00 and gave the company a “strong-buy” rating in a report on Monday, January 10th. Barclays started coverage on Welltower in a report on Wednesday, November 17th. They set an “overweight” rating and a $91.00 price objective for the company. Royal Bank of Canada dropped their price objective on Welltower from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Wednesday, November 17th. Finally, JPMorgan Chase & Co. cut Welltower from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $94.00 to $90.00 in a report on Monday, December 20th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $89.94.

Shares of NYSE WELL opened at $87.51 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market capitalization of $38.09 billion, a P/E ratio of 84.15, a price-to-earnings-growth ratio of 4.30 and a beta of 1.02. Welltower Inc. has a 1-year low of $59.38 and a 1-year high of $89.80. The business has a fifty day moving average price of $84.52 and a 200 day moving average price of $84.82.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.38). The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Welltower had a return on equity of 2.86% and a net margin of 9.69%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. As a group, equities research analysts anticipate that Welltower Inc. will post 0.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 23rd. Investors of record on Tuesday, November 16th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Monday, November 15th. Welltower’s dividend payout ratio is currently 234.62%.

Welltower Company Profile

Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.

Read More: Capital Gains Distribution

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.