Global X Japan Co. Ltd. Has $142,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Global X Japan Co. Ltd. trimmed its position in shares of Welltower Inc. (NYSE:WELL) by 21.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,111 shares of the real estate investment trust’s stock after selling 311 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Welltower were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. First Foundation Advisors bought a new stake in Welltower in the second quarter valued at approximately $26,000. TruNorth Capital Management LLC bought a new stake in Welltower in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new stake in Welltower in the second quarter valued at approximately $30,000. Manchester Capital Management LLC boosted its holdings in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Finally, Centerpoint Advisors LLC bought a new stake in Welltower in the second quarter valued at approximately $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WELL shares. Morgan Stanley upped their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a report on Thursday, July 11th. Scotiabank increased their price target on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Wedbush increased their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Price Performance

Shares of WELL stock opened at $130.09 on Wednesday. The firm has a market cap of $77.78 billion, a P/E ratio of 160.60, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a fifty-two week low of $80.80 and a fifty-two week high of $132.54. The business’s 50 day moving average price is $124.74 and its 200-day moving average price is $110.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.06%. The ex-dividend date was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Welltower 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.