Welltower Inc. (NYSE:WELL) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,400 shares of the real estate investment trust’s stock after selling 6,690 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Welltower were worth $3,380,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Fortitude Family Office LLC raised its stake in shares of Welltower by 37.0% during the 3rd 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 period. Old North State Wealth Management LLC raised its stake in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 82 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Welltower by 2.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 94 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised 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 last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of Welltower stock opened at $136.92 on Friday. The business has a 50-day moving average of $128.26 and a 200 day moving average of $113.45. Welltower Inc. has a 12 month low of $84.38 and a 12 month high of $139.80. The stock has a market capitalization of $85.26 billion, a price-to-earnings ratio of 90.08, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

Welltower (NYSE:WELL) last announced its 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 firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Welltower Inc. will post 4.31 earnings per share for the current year.

Welltower Announces Dividend

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 given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

Several research analysts recently commented on WELL shares. Deutsche Bank Aktiengesellschaft increased 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. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. 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. Finally, Royal Bank of Canada upped 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. Five 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

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.