BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 9,196 Shares of Welltower Inc. (NYSE:WELL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in Welltower Inc. (NYSE:WELL - Free Report) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,764 shares of the real estate investment trust's stock after selling 9,196 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Welltower were worth $12,773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Foundation Advisors acquired a new position in Welltower during the second quarter worth $26,000. TruNorth Capital Management LLC bought a new position in Welltower during the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in Welltower in the second quarter valued at about $30,000. Centerpoint Advisors LLC bought a new stake in Welltower during the second quarter worth about $31,000. Finally, Fortitude Family Office LLC grew its stake in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after buying an additional 78 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Trading Down 0.8 %

Shares of NYSE:WELL traded down $1.12 during trading on Friday, hitting $138.18. 2,149,196 shares of the company's stock were exchanged, compared to its average volume of 2,592,743. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market cap of $86.04 billion, a P/E ratio of 90.91, a PEG ratio of 3.10 and a beta of 1.20. The firm has a 50-day moving average price of $132.24 and a two-hundred day moving average price of $118.48. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75.

Welltower (NYSE:WELL - Get Free Report) last released 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower's revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. Equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wolfe Research raised Welltower to a "strong-buy" rating in a report on Friday, August 9th. Wedbush boosted their price objective on Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Scotiabank raised their target price on Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Finally, Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. Five 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.50.

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.