KMG Fiduciary Partners LLC Sells 376 Shares of Welltower Inc. (NYSE:WELL)

KMG Fiduciary Partners LLC lowered its position in shares of Welltower Inc. (NYSE:WELL) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 36,311 shares of the real estate investment trust’s stock after selling 376 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Welltower were worth $4,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Vanguard Group Inc. boosted its stake in shares of Welltower by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after acquiring an additional 3,257,213 shares during the last quarter. Capital International Investors increased its holdings in Welltower by 26.4% in 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 acquiring an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Welltower by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock valued at $814,678,000 after acquiring an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in Welltower by 19.0% in 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 acquiring an additional 849,898 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Welltower by 12.4% in the 1st quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock valued at $414,229,000 after acquiring an additional 489,533 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.1 %

Shares of Welltower stock opened at $132.24 on Friday. The business has a 50 day moving average price of $124.22 and a 200 day moving average price of $109.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The company has a market capitalization of $79.07 billion, a P/E ratio of 163.26, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a 1 year low of $80.80 and a 1 year high of $132.27.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Sell-side analysts anticipate that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.03%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is currently 330.86%.

Analysts Set New Price Targets

WELL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wells Fargo & Company reissued 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. Wedbush boosted their price objective 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. Finally, Morgan Stanley boosted their price objective on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus 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.