Penserra Capital Management LLC Increases Stake in Welltower Inc. (NYSE:WELL)

Penserra Capital Management LLC raised its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 37.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,740 shares of the real estate investment trust's stock after buying an additional 3,449 shares during the quarter. Penserra Capital Management LLC's holdings in Welltower were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower in the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower in the first quarter valued at $28,000. Franchise Capital Ltd purchased a new position in shares of Welltower in the first quarter valued at $32,000. ZynergyRetirementPlanningLLC purchased a new position in shares of Welltower in the first quarter valued at $33,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Welltower by 57.2% in the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 107 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company's stock.

Welltower Stock Up 0.9%

NYSE:WELL opened at $154.11 on Tuesday. Welltower Inc. has a twelve month low of $102.92 and a twelve month high of $158.55. The company has a market cap of $100.78 billion, a price-to-earnings ratio of 88.57, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The stock has a fifty day simple moving average of $151.16 and a 200-day simple moving average of $144.89. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The business's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. Analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.74%. Welltower's payout ratio is 154.02%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WELL. Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Mizuho raised their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Evercore ISI raised their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $168.18.

Welltower Profile

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.