Oppenheimer Asset Management Inc. trimmed its stake in Welltower Inc. (NYSE:WELL - Free Report) by 10.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,383 shares of the real estate investment trust's stock after selling 4,190 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Welltower were worth $4,402,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Angeles Investment Advisors LLC acquired a new position in Welltower during the 3rd quarter worth $230,000. MQS Management LLC increased its stake in shares of Welltower by 88.1% in the third quarter. MQS Management LLC now owns 6,834 shares of the real estate investment trust's stock worth $875,000 after purchasing an additional 3,200 shares during the period. Victory Capital Management Inc. lifted its position in shares of Welltower by 52.5% during the 3rd quarter. Victory Capital Management Inc. now owns 363,378 shares of the real estate investment trust's stock worth $46,523,000 after purchasing an additional 125,046 shares during the last quarter. Aptus Capital Advisors LLC boosted its stake in Welltower by 3.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,296 shares of the real estate investment trust's stock valued at $422,000 after purchasing an additional 109 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Welltower by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust's stock valued at $373,126,000 after buying an additional 291,839 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Price Performance
Shares of Welltower stock traded up $1.60 during midday trading on Friday, hitting $136.02. 1,994,313 shares of the company were exchanged, compared to its average volume of 2,678,506. The firm has a 50 day simple moving average of $130.20 and a 200-day simple moving average of $115.38. 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 firm has a market cap of $84.70 billion, a P/E ratio of 89.49, a PEG ratio of 3.03 and a beta of 1.20. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19.
Welltower (NYSE:WELL - Get Free Report) last issued 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). The firm had revenue of $2.06 billion for 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%. Welltower's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. Research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders 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 1.97%. The ex-dividend date is Wednesday, November 13th. Welltower's payout ratio is presently 176.32%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Royal Bank of Canada upped their price target on Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Scotiabank upped their price objective on shares of Welltower from $121.00 to $133.00 and gave the company a "sector outperform" rating in a research report on Monday, September 23rd. Wedbush increased their target price on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company restated 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $116.68.
Check Out Our Latest Research Report on WELL
Welltower Company 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.
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