Nomura Holdings Inc. lifted its stake in Welltower Inc (NYSE:WELL) by 4.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,949 shares of the real estate investment trust’s stock after buying an additional 2,593 shares during the quarter. Nomura Holdings Inc.’s holdings in Welltower were worth $4,816,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WELL. American Century Companies Inc. raised its holdings in Welltower by 154.5% in the 1st quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock worth $234,400,000 after purchasing an additional 1,833,933 shares during the period. Vanguard Group Inc. raised its holdings in shares of Welltower by 3.1% during the second quarter. Vanguard Group Inc. now owns 51,909,429 shares of the real estate investment trust’s stock valued at $4,232,177,000 after acquiring an additional 1,565,217 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Welltower by 3.7% during the first quarter. BlackRock Inc. now owns 39,917,986 shares of the real estate investment trust’s stock valued at $3,097,636,000 after acquiring an additional 1,414,802 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Welltower by 13.4% during the first quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock valued at $676,620,000 after acquiring an additional 1,032,562 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Welltower by 21.9% during the second quarter. Morgan Stanley now owns 4,233,851 shares of the real estate investment trust’s stock valued at $345,186,000 after acquiring an additional 760,817 shares during the last quarter. 89.27% of the stock is owned by institutional investors.
Several research firms recently commented on WELL. Wood & Company reaffirmed an “average” rating on shares of Welltower in a report on Thursday, August 22nd. Stifel Nicolaus increased their price target on Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Raymond James cut Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price target for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating and issued a $86.00 price target on shares of Welltower in a report on Monday, August 5th. Finally, Morgan Stanley increased their price target on Welltower from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, September 17th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Welltower has an average rating of “Buy” and a consensus price target of $80.75.
NYSE WELL opened at $90.29 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. Welltower Inc has a 52-week low of $60.93 and a 52-week high of $92.50. The business’s 50-day moving average price is $88.87 and its 200 day moving average price is $82.16. The firm has a market cap of $36.14 billion, a P/E ratio of 22.40, a P/E/G ratio of 4.62 and a beta of 0.24.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.70). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Welltower had a net margin of 11.98% and a return on equity of 4.62%. Welltower’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. As a group, analysts anticipate that Welltower Inc will post 4.17 earnings per share for the current year.
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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