Welltower Inc. (NYSE:WELL) Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 49.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,153 shares of the real estate investment trust's stock after selling 8,134 shares during the quarter. Groupama Asset Managment's holdings in Welltower were worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WELL. First Foundation Advisors bought a new position in Welltower during the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC bought a new position in Welltower in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new stake in Welltower during the 2nd quarter valued at about $30,000. Fortitude Family Office LLC increased its stake in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new position in Welltower in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Trading Down 0.1 %

Welltower stock traded down $0.18 during trading on Tuesday, hitting $129.27. The company had a trading volume of 2,552,785 shares, compared to its average volume of 2,695,437. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company's 50 day simple moving average is $132.77 and its 200-day simple moving average is $119.80. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The stock has a market cap of $80.50 billion, a price-to-earnings ratio of 85.05, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data 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 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 previous year, the business posted $0.92 EPS. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is 176.32%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WELL. Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Scotiabank boosted their price objective on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. 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 research note on Monday, September 16th. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, Mizuho raised their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $120.77.

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.