Adelante Capital Management LLC reduced its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,150,882 shares of the real estate investment trust's stock after selling 3,738 shares during the period. Welltower accounts for about 6.8% of Adelante Capital Management LLC's holdings, making the stock its 4th biggest holding. Adelante Capital Management LLC owned approximately 0.18% of Welltower worth $148,921,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. First Foundation Advisors purchased a new position in shares of Welltower during the 2nd quarter worth $26,000. TruNorth Capital Management LLC purchased a new position in Welltower during the second quarter worth about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the second quarter valued at about $30,000. Centerpoint Advisors LLC purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 78 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
WELL has been the subject of several research reports. Wedbush lifted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Scotiabank raised their target price on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Royal Bank of Canada lifted their target price on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research report on Friday, August 9th. Finally, Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Five 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 company. According to data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $117.50.
View Our Latest Analysis on WELL
Welltower Stock Down 0.8 %
Shares of NYSE:WELL traded down $1.12 during trading hours on Friday, reaching $138.18. The stock had a trading volume of 2,149,196 shares, compared to its average volume of 2,592,743. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The firm's 50 day moving average is $132.24 and its 200-day moving average is $118.35. The stock has a market capitalization of $86.04 billion, a price-to-earnings ratio of 90.91, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.
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 the consensus estimate of $1.04 by ($0.31). The business 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 business's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's payout ratio is 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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