Sunbelt Securities Inc. Decreases Stock Position in Welltower Inc. (NYSE:WELL)

Sunbelt Securities Inc. decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 41.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 209 shares of the real estate investment trust’s stock after selling 146 shares during the period. Sunbelt Securities Inc.’s holdings in Welltower were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after buying an additional 5,982,711 shares during the period. FMR LLC grew its holdings in Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares in the last quarter. Duff & Phelps Investment Management Co. purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $254,977,000. Wellington Management Group LLP raised its holdings in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Welltower by 24.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock worth $220,223,000 after purchasing an additional 417,046 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the topic of a number of analyst reports. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Mizuho upped their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Scotiabank lifted their price target on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.77.

Welltower Trading Up 0.5 %

Shares of Welltower stock opened at $129.12 on Monday. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The company’s 50-day simple moving average is $132.95 and its 200-day simple moving average is $120.59. The firm has a market cap of $80.40 billion, a price-to-earnings ratio of 84.95, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released 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). 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 last year, the business posted $0.92 EPS. As a group, equities research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.08%. Welltower’s payout ratio is 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.