Zurcher Kantonalbank Zurich Cantonalbank Has $53.36 Million Stock Position in Welltower Inc. (NYSE:WELL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 11.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,748 shares of the real estate investment trust’s stock after acquiring an additional 41,298 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Welltower worth $53,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in 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 during the last quarter. Old North State Wealth Management LLC boosted its holdings in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 78 shares during the period. Frank Rimerman Advisors LLC lifted its position in Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after acquiring an additional 82 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 94 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in Welltower by 14.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WELL shares. Wedbush raised their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Scotiabank boosted their target price on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday. Royal Bank of Canada increased their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Price Performance

Welltower stock opened at $139.30 on Friday. The company has a market capitalization of $86.74 billion, a PE ratio of 91.64, a P/E/G ratio of 3.04 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $131.98 and a two-hundred day moving average price of $117.95. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75.

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

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

About Welltower

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.