Welltower Inc. (NYSE:WELL) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its holdings in Welltower Inc. (NYSE:WELL) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,054 shares of the real estate investment trust’s stock after selling 350 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Welltower were worth $3,080,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Connors Investor Services Inc. raised its holdings in shares of Welltower by 10.6% during the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after acquiring an additional 11,238 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Welltower by 88.1% during the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock worth $104,072,000 after buying an additional 523,656 shares during the period. Centersquare Investment Management LLC boosted its position in shares of 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 buying an additional 849,898 shares during the period. Intech Investment Management LLC boosted its position in shares of Welltower by 147.9% during the first quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock worth $2,083,000 after buying an additional 13,300 shares during the period. Finally, Burke & Herbert Bank & Trust Co. purchased a new position in shares of Welltower during the second quarter worth $674,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE:WELL opened at $132.04 on Friday. The business’s 50 day simple moving average is $125.03 and its 200-day simple moving average is $110.40. The firm has a market capitalization of $78.95 billion, a price-to-earnings ratio of 163.01, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. Welltower Inc. has a 12 month low of $80.80 and a 12 month high of $132.54.

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

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.03%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio is 330.86%.

Analyst Ratings Changes

WELL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, Wedbush raised their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.