Garland Capital Management Inc. trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 13.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,213 shares of the real estate investment trust's stock after selling 6,875 shares during the quarter. Welltower accounts for approximately 4.4% of Garland Capital Management Inc.'s holdings, making the stock its 8th biggest holding. Garland Capital Management Inc.'s holdings in Welltower were worth $5,661,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Capital International Investors boosted its stake in Welltower by 26.4% in the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock worth $2,731,842,000 after purchasing an additional 6,104,064 shares in the last quarter. Zimmer Partners LP bought a new position in shares of Welltower during the first quarter valued at $309,917,000. Vanguard Group Inc. lifted its position in Welltower by 3.8% during the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust's stock valued at $8,333,716,000 after purchasing an additional 3,257,213 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in Welltower in the second quarter worth approximately $254,977,000. Finally, Centersquare Investment Management LLC raised its stake in Welltower by 19.0% during the 1st 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 buying an additional 849,898 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Wedbush lifted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada raised their price objective on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Welltower presently has an average rating of "Moderate Buy" and an average target price of $115.38.
Read Our Latest Report on WELL
Welltower Trading Up 0.1 %
Shares of NYSE:WELL traded up $0.18 on Tuesday, hitting $134.49. 1,163,232 shares of the company's stock were exchanged, compared to its average volume of 2,678,231. The stock has a market capitalization of $83.75 billion, a price-to-earnings ratio of 88.38, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. Welltower Inc. has a 12 month low of $84.38 and a 12 month high of $139.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business's 50 day simple moving average is $127.71 and its two-hundred day simple moving average is $113.00.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.
Welltower Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.99%. The ex-dividend date is Wednesday, November 13th. Welltower's dividend payout ratio is currently 176.32%.
About Welltower
(
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.
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