Metis Global Partners LLC Has $11.60 Million Stake in Welltower Inc. (NYSE:WELL)

Metis Global Partners LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 19.2% during the third quarter, HoldingsChannel.com reports. The firm owned 90,618 shares of the real estate investment trust’s stock after acquiring an additional 14,619 shares during the quarter. Metis Global Partners LLC’s holdings in Welltower were worth $11,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. First Foundation Advisors bought a new position in Welltower in the second quarter valued at about $26,000. TruNorth Capital Management LLC bought a new stake in shares of Welltower during the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in Welltower during the 2nd quarter worth approximately $30,000. Centerpoint Advisors LLC bought a new stake in shares of Welltower during the second quarter worth $31,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent research reports. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Price Performance

Shares of NYSE:WELL opened at $135.12 on Thursday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19. The stock’s 50 day moving average is $129.77 and its 200-day moving average is $114.97. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $84.14 billion, a price-to-earnings ratio of 88.82, a PEG ratio of 3.05 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Sell-side analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.98%. Welltower’s dividend payout ratio (DPR) is currently 176.32%.

Welltower Company 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.