Harbour Trust & Investment Management Co Sells 178 Shares of Welltower Inc. (NYSE:WELL)

Harbour Trust & Investment Management Co lessened its stake in Welltower Inc. (NYSE:WELL) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,545 shares of the real estate investment trust’s stock after selling 178 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Welltower were worth $7,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Welltower by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after buying an additional 3,257,213 shares during the period. Capital International Investors raised its position in shares of Welltower by 26.4% during 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 period. Dimensional Fund Advisors LP lifted its holdings in shares of Welltower by 0.8% during 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 purchasing an additional 62,942 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of 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 purchasing an additional 849,898 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Welltower by 12.4% during the 1st quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock worth $414,229,000 after purchasing an additional 489,533 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of NYSE WELL opened at $132.04 on Friday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $78.95 billion, a P/E ratio of 163.01, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a 12 month low of $80.80 and a 12 month high of $132.54. The stock has a 50 day moving average of $125.03 and a 200-day moving average of $110.40.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, equities research analysts predict that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.03%. Welltower’s dividend payout ratio is presently 330.86%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Morgan Stanley upped their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus target price 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.