Welltower Inc. (NYSE:WELL) Shares Sold by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC reduced its holdings in Welltower Inc. (NYSE:WELL) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,612 shares of the real estate investment trust’s stock after selling 1,141 shares during the quarter. American Assets Capital Advisers LLC’s holdings in Welltower were worth $1,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Foundation Advisors purchased a new position in Welltower in the 2nd quarter worth about $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower in the second quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the second quarter valued at approximately $30,000. Centerpoint Advisors LLC purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC lifted its position in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 1.0 %

NYSE WELL traded down $1.33 during trading on Tuesday, reaching $136.30. The company’s stock had a trading volume of 422,980 shares, compared to its average volume of 2,671,159. The stock has a market capitalization of $84.87 billion, a PE ratio of 90.57, a PEG ratio of 3.10 and a beta of 1.20. The business has a 50-day moving average price of $129.28 and a 200-day moving average price of $114.53. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 1-year low of $84.38 and a 1-year high of $140.19.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.97%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Wedbush upped their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Evercore ISI increased their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.68.

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.