Welltower Inc. (NYSE:WELL) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. lowered its position in Welltower Inc. (NYSE:WELL) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,027 shares of the real estate investment trust’s stock after selling 552 shares during the quarter. Lincluden Management Ltd.’s holdings in Welltower were worth $3,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Fairfield Financial Advisors LTD lifted its stake in shares of Welltower by 2.7% in the third quarter. Fairfield Financial Advisors LTD now owns 14,921 shares of the real estate investment trust’s stock worth $1,910,000 after acquiring an additional 386 shares in the last quarter. Catalyst Financial Partners LLC acquired a new stake in shares of Welltower during the third quarter worth approximately $216,000. Pinnacle Associates Ltd. raised its holdings in Welltower by 2.2% in the third quarter. Pinnacle Associates Ltd. now owns 61,590 shares of the real estate investment trust’s stock valued at $7,885,000 after acquiring an additional 1,344 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Welltower by 18.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,919 shares of the real estate investment trust’s stock valued at $2,678,000 after acquiring an additional 3,285 shares during the last quarter. Finally, WestEnd Advisors LLC acquired a new position in Welltower during the 3rd quarter worth $22,635,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on WELL. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday. Scotiabank raised their price objective on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Evercore ISI raised their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Price Performance

NYSE WELL opened at $134.88 on Friday. Welltower Inc. has a 12 month low of $82.54 and a 12 month high of $139.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.07. The company’s 50 day simple moving average is $127.13 and its 200 day simple moving average is $112.06. The firm has a market capitalization of $83.99 billion, a PE ratio of 88.74, a P/E/G ratio of 3.02 and a beta of 1.21.

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

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is presently 176.32%.

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.