Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Welltower Inc. (NYSE:WELL)

Robeco Institutional Asset Management B.V. reduced its position in Welltower Inc. (NYSE:WELL) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 384,551 shares of the real estate investment trust’s stock after selling 1,081 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Welltower were worth $49,234,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. First Foundation Advisors acquired a new stake in shares of Welltower in the second quarter valued at about $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the 2nd quarter worth about $30,000. Manchester Capital Management LLC grew its holdings in Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares during the period. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower during the 2nd quarter valued at about $31,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company restated 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. Scotiabank upped their price objective on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Royal Bank of Canada lifted their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Evercore ISI upped their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Welltower Stock Performance

Welltower stock opened at $134.31 on Tuesday. Welltower Inc. has a 12-month low of $84.38 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 has a market capitalization of $83.63 billion, a price-to-earnings ratio of 88.36, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. The firm’s fifty day moving average price is $127.71 and its 200 day moving average price is $113.00.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.00%. Welltower’s dividend payout ratio is presently 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.