Welltower Inc. $WELL Stock Purchased by Nemes Rush Group LLC

Key Points

• Nemes Rush Group LLC sharply increased its Welltower stake by 21,902% in the third quarter, adding 43,804 shares to reach 44,004 shares valued at about $10.1 million.
• Welltower reported quarterly adjusted earnings of $1.67 per share, beating estimates of $1.64, while revenue rose 38.4% year over year to $3.72 billion.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $259.81. Welltower also declared a quarterly dividend of $0.85 per share, equivalent to a 1.4% yield.

Nemes Rush Group LLC lifted its position in Welltower Inc. (NYSE:WELL - Free Report) by 21,902.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,004 shares of the real estate investment trust's stock after purchasing an additional 43,804 shares during the quarter. Nemes Rush Group LLC's holdings in Welltower were worth $10,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC grew its position in Welltower by 10.1% in the third quarter. Gryphon Financial Partners LLC now owns 2,120 shares of the real estate investment trust's stock worth $488,000 after acquiring an additional 195 shares during the period. AlphaCore Capital LLC increased its stake in Welltower by 17.1% during the third quarter. AlphaCore Capital LLC now owns 10,130 shares of the real estate investment trust's stock worth $2,332,000 after acquiring an additional 1,479 shares during the last quarter. Retirement Systems of Alabama raised its position in Welltower by 1.6% in the third quarter. Retirement Systems of Alabama now owns 545,826 shares of the real estate investment trust's stock valued at $125,671,000 after purchasing an additional 8,411 shares during the period. Joseph Group Capital Management raised its position in Welltower by 50.5% in the third quarter. Joseph Group Capital Management now owns 322 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 108 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new stake in Welltower in the third quarter valued at $37,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WELL has been the topic of several recent analyst reports. Weiss Ratings lowered Welltower from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, October 28th. BNP Paribas Exane raised their price objective on Welltower from $238.00 to $272.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Cantor Fitzgerald reduced their price objective on shares of Welltower from $260.00 to $258.00 and set an "overweight" rating on the stock in a report on Thursday, October 29th. Evercore restated an "outperform" rating and issued a $256.00 price objective (down from $260.00) on shares of Welltower in a report on Monday, September 21st. Finally, UBS Group reaffirmed a "buy" rating and issued a $269.00 target price on shares of Welltower in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $259.81.

Insider Buying and Selling

In other news, Director Andrew Gundlach bought 5,000 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was bought at an average cost of $242.06 per share, with a total value of $1,210,300.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at $7,261,800. The trade was a 20.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $234.03 and its two-hundred day moving average is $219.92. Welltower Inc. has a 52-week low of $181.47 and a 52-week high of $255.20. The firm has a market cap of $181.36 billion, a price-to-earnings ratio of 107.02, a PEG ratio of 1.18 and a beta of 0.79.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business posted $1.34 earnings per share. The company's quarterly revenue was up 38.4% on a year-over-year basis. Research analysts predict that Welltower Inc. will post 6.51 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, November 10th. Welltower's dividend payout ratio (DPR) is 147.19%.

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.

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