Amalgamated Bank Reduces Stock Position in Welltower Inc. (NYSE:WELL)

Amalgamated Bank lessened its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,942 shares of the real estate investment trust's stock after selling 5,063 shares during the quarter. Amalgamated Bank's holdings in Welltower were worth $14,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors boosted its position in Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock valued at $2,731,842,000 after buying an additional 6,104,064 shares during the period. Zimmer Partners LP purchased a new stake in shares of Welltower during the first quarter worth about $309,917,000. Vanguard Group Inc. grew its stake in shares of Welltower by 3.8% in the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust's stock worth $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new position in Welltower during the 2nd quarter valued at about $254,977,000. Finally, Centersquare Investment Management LLC raised its position 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 purchasing an additional 849,898 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 1.1 %

WELL stock traded down $1.45 on Wednesday, reaching $133.67. 2,914,921 shares of the company traded hands, compared to its average volume of 2,684,943. The firm has a fifty day simple moving average of $128.01 and a 200-day simple moving average of $113.31. The company has a market cap of $83.23 billion, a P/E ratio of 88.89, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. Welltower Inc. has a one year low of $84.38 and a one year 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.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. Research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is 176.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WELL shares. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Wedbush boosted their price target on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Scotiabank increased their price target on shares of Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 23rd. Finally, StockNews.com raised 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 two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $115.38.

Welltower Company 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.