Welltower Inc (WELL) Shares Bought by NuWave Investment Management LLC
NuWave Investment Management LLC boosted its stake in shares of Welltower Inc (NYSE:WELL) by 70.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,271 shares of the real estate investment trust’s stock after buying an additional 3,412 shares during the period. NuWave Investment Management LLC’s holdings in Welltower were worth $641,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in WELL. National Pension Service grew its stake in shares of Welltower by 5.5% during the 4th quarter. National Pension Service now owns 451,972 shares of the real estate investment trust’s stock worth $35,014,000 after acquiring an additional 23,419 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Welltower during the 3rd quarter worth approximately $176,871,000. Morgan Stanley bought a new position in shares of Welltower during the 3rd quarter worth approximately $251,445,000. Rhumbline Advisers grew its stake in shares of Welltower by 3.7% in the fourth quarter. Rhumbline Advisers now owns 719,996 shares of the real estate investment trust’s stock valued at $49,975,000 after buying an additional 25,501 shares in the last quarter. Finally, Camelot Portfolios LLC grew its stake in shares of Welltower by 5.5% in the fourth quarter. Camelot Portfolios LLC now owns 10,234 shares of the real estate investment trust’s stock valued at $710,000 after buying an additional 536 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.
In other news, EVP Mercedes Kerr sold 5,000 shares of Welltower stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by company insiders.
Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). Welltower had a return on equity of 6.28% and a net margin of 17.14%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. Welltower’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts predict that Welltower Inc will post 4.18 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group raised their target price on shares of Welltower to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, February 13th. Royal Bank of Canada raised their target price on shares of Welltower to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, February 21st. JPMorgan Chase & Co. raised shares of Welltower from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Morgan Stanley raised their target price on shares of Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Deutsche Bank raised their target price on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $71.29.
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Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
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