Kornitzer Capital Management Inc. KS trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 20.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,400 shares of the real estate investment trust's stock after selling 6,690 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Welltower were worth $3,380,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in WELL. Capital International Investors increased its holdings in shares of Welltower by 26.4% in the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock worth $2,731,842,000 after purchasing an additional 6,104,064 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of Welltower in the first quarter worth about $309,917,000. Vanguard Group Inc. increased its holdings 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. bought a new stake in shares of Welltower in the second quarter worth about $254,977,000. Finally, Centersquare Investment Management LLC increased its stake in Welltower by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock worth $507,771,000 after acquiring an additional 849,898 shares during the last quarter. 94.80% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on WELL shares. Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a research note 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. Wells Fargo & Company restated an "equal weight" rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, Scotiabank boosted their target price on Welltower from $121.00 to $133.00 and gave the company a "sector outperform" rating in a research report on Monday, September 23rd. Five research 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 stock. According to MarketBeat, Welltower has an average rating of "Moderate Buy" and an average target price of $115.38.
Read Our Latest Stock Analysis on Welltower
Welltower Stock Up 0.9 %
Welltower stock traded up $1.28 during mid-day trading on Friday, reaching $138.20. 2,484,861 shares of the company were exchanged, compared to its average volume of 2,680,959. The business has a fifty day moving average of $128.26 and a 200 day moving average of $113.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a market cap of $86.06 billion, a P/E ratio of 90.08, a PEG ratio of 2.92 and a beta of 1.20. Welltower Inc. has a 12-month low of $84.38 and a 12-month high of $140.19.
Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion for 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%. The firm's quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Research analysts anticipate that Welltower Inc. will post 4.31 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, November 13th. Welltower's payout ratio is presently 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.
Featured Articles
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
