Welltower Inc. (NYSE:WELL) Stake Lessened by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,107,457 shares of the real estate investment trust’s stock after selling 30,327 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Welltower were worth $141,788,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WELL. National Pension Service grew its position in Welltower by 18.9% during the third quarter. National Pension Service now owns 1,385,292 shares of the real estate investment trust’s stock valued at $177,359,000 after purchasing an additional 220,201 shares in the last quarter. Old North State Wealth Management LLC boosted its stake 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 valued at $1,648,000 after buying an additional 78 shares during the period. BSW Wealth Partners grew its holdings in shares of Welltower by 21.2% during the 3rd quarter. BSW Wealth Partners now owns 2,433 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 426 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Welltower by 17.6% in the third quarter. Van ECK Associates Corp now owns 279,358 shares of the real estate investment trust’s stock worth $36,811,000 after acquiring an additional 41,819 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Welltower by 23.2% during the third quarter. Janney Montgomery Scott LLC now owns 66,802 shares of the real estate investment trust’s stock worth $8,553,000 after acquiring an additional 12,599 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Up 0.7 %

Welltower stock opened at $134.18 on Monday. Welltower Inc. has a 52 week low of $84.38 and a 52 week high of $139.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.07 and a current ratio of 4.10. The firm has a market capitalization of $83.55 billion, a PE ratio of 87.68, a PEG ratio of 2.94 and a beta of 1.20. The business’s 50-day simple moving average is $127.41 and its 200-day simple moving average is $112.69.

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 the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors 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 yield of 2.00%. The ex-dividend date is Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Scotiabank lifted their price objective on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

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.