Janus Henderson Group PLC reduced its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,113,112 shares of the real estate investment trust's stock after selling 23,327 shares during the period. Janus Henderson Group PLC owned 0.18% of Welltower worth $142,486,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC acquired a new position in Welltower in the 2nd quarter valued at $489,000. CWM LLC increased its holdings in shares of Welltower by 8.7% during the 2nd quarter. CWM LLC now owns 14,915 shares of the real estate investment trust's stock worth $1,555,000 after buying an additional 1,194 shares during the last quarter. Simplicity Wealth LLC increased its holdings in shares of Welltower by 0.9% during the 2nd quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust's stock worth $1,267,000 after buying an additional 113 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Welltower during the 2nd quarter worth $14,766,000. Finally, Tuttle Capital Management LLC acquired a new stake in shares of Welltower during the 2nd quarter worth $214,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Stock Performance
Shares of NYSE:WELL traded down $0.96 during trading hours on Thursday, hitting $132.64. The stock had a trading volume of 2,468,890 shares, compared to its average volume of 2,692,850. The stock's fifty day simple moving average is $132.66 and its 200 day simple moving average is $119.13. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The firm has a market capitalization of $82.59 billion, a price-to-earnings ratio of 87.26, a PEG ratio of 2.98 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 announced its quarterly 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business posted $0.92 EPS. Welltower's revenue for the quarter was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.
Welltower Announces Dividend
The business also recently disclosed 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 2.02%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is presently 176.32%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on WELL. Evercore ISI upped their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Scotiabank upped their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Welltower has an average rating of "Moderate Buy" and a consensus price target of $120.77.
View Our Latest Analysis on WELL
Welltower 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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