TCW Group Inc. Sells 9,464 Shares of Welltower Inc. (NYSE:WELL)

TCW Group Inc. lessened its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,671 shares of the real estate investment trust's stock after selling 9,464 shares during the period. TCW Group Inc.'s holdings in Welltower were worth $16,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock valued at $886,022,000 after buying an additional 5,982,711 shares during the last quarter. FMR LLC raised its position in Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares in the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in Welltower in the second quarter valued at $254,977,000. Wellington Management Group LLP grew its position in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Welltower by 24.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust's stock worth $220,223,000 after purchasing an additional 417,046 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

Shares of WELL stock traded down $0.10 on Thursday, hitting $128.49. The company's stock had a trading volume of 1,810,946 shares, compared to its average volume of 2,689,901. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. 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 stock's 50 day moving average is $132.84 and its 200-day moving average is $120.06. The company has a market capitalization of $80.01 billion, a PE ratio of 84.61, a PEG ratio of 2.95 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower's revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Equities research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.09%. Welltower's dividend payout ratio is currently 176.32%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WELL. Mizuho raised their target price on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised 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, Evercore ISI upped their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.77.

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.