HBK Investments L P Sells 223,347 Shares of Welltower Inc. (NYSE:WELL)

HBK Investments L P cut its stake in Welltower Inc. (NYSE:WELL - Free Report) by 98.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,824 shares of the real estate investment trust's stock after selling 223,347 shares during the period. HBK Investments L P's holdings in Welltower were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in shares of Welltower by 6.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 70,276 shares of the real estate investment trust's stock worth $8,988,000 after buying an additional 4,470 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in Welltower during the 3rd quarter worth $802,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Welltower by 638.0% during the 3rd 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 valued at $886,022,000 after acquiring an additional 5,982,711 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Welltower by 17.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 101,662 shares of the real estate investment trust's stock valued at $13,016,000 after acquiring an additional 15,313 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Welltower by 11.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416,748 shares of the real estate investment trust's stock valued at $53,356,000 after purchasing an additional 41,298 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Down 0.6 %

WELL traded down $0.86 during trading hours on Friday, hitting $138.44. 2,149,196 shares of the company's stock were exchanged, compared to its average volume of 2,691,050. 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 Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The stock's 50-day moving average is $131.98 and its two-hundred day moving average is $117.95. The stock has a market cap of $86.21 billion, a price-to-earnings ratio of 91.65, a PEG ratio of 3.12 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Welltower's revenue was up 23.7% on a year-over-year basis. Sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.94%. Welltower's dividend payout ratio (DPR) is currently 176.32%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wolfe Research upgraded Welltower to a "strong-buy" rating in a report on Friday, August 9th. Wedbush upped their price target on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Friday, August 9th. Scotiabank upped their target price on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research note on Monday. Finally, StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.50.

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.