Nicola Wealth Management LTD. cut its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 17.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,795 shares of the real estate investment trust's stock after selling 4,200 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Welltower were worth $2,534,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in WELL. Empowered Funds LLC lifted its stake in Welltower by 34.8% in the 1st quarter. Empowered Funds LLC now owns 7,365 shares of the real estate investment trust's stock valued at $688,000 after purchasing an additional 1,901 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Welltower by 12.3% during the 1st quarter. Bleakley Financial Group LLC now owns 12,096 shares of the real estate investment trust's stock worth $1,130,000 after buying an additional 1,327 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in Welltower by 20.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,251 shares of the real estate investment trust's stock valued at $304,000 after acquiring an additional 562 shares during the period. HBK Sorce Advisory LLC grew its position in shares of Welltower by 4.5% in the first quarter. HBK Sorce Advisory LLC now owns 2,871 shares of the real estate investment trust's stock valued at $268,000 after purchasing an additional 124 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock valued at $507,771,000 after purchasing an additional 849,898 shares during the last quarter. 94.80% of the stock is owned by institutional investors.
Welltower Price Performance
Shares of WELL stock traded down $0.53 on Thursday, hitting $134.42. 2,082,950 shares of the company's stock were exchanged, compared to its average volume of 2,681,134. The company has a 50 day moving average of $129.77 and a 200 day moving average of $114.97. The stock has a market cap of $83.70 billion, a P/E ratio of 88.82, a price-to-earnings-growth ratio of 3.05 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 Inc. has a 12 month low of $85.40 and a 12 month high of $140.19.
Welltower (NYSE:WELL - Get Free Report) last posted 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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. On average, equities research analysts predict that Welltower Inc. will post 4.3 EPS for the current year.
Welltower Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is 176.32%.
Wall Street Analyst Weigh In
WELL has been the topic of several recent research reports. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. 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 report on Monday, September 16th. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Finally, Scotiabank increased their price target on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.68.
Read Our Latest Report on WELL
Welltower Profile
(
Free Report)
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.
See Also
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
