Welltower Inc. (NYSE:WELL) Shares Sold by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC cut its stake in shares of Welltower Inc. (NYSE:WELL) by 40.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 616,148 shares of the real estate investment trust’s stock after selling 413,419 shares during the period. Welltower makes up approximately 4.3% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 4th largest holding. Heitman Real Estate Securities LLC owned about 0.10% of Welltower worth $78,885,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

WELL has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective 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. Scotiabank raised their price target on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. 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. Finally, Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Trading Down 2.9 %

NYSE WELL opened at $134.11 on Tuesday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a market cap of $83.51 billion, a price-to-earnings ratio of 88.23, a P/E/G ratio of 3.10 and a beta of 1.20. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The business has a 50 day moving average price of $132.24 and a 200-day moving average price of $118.48.

Welltower (NYSE:WELL) last released its quarterly earnings results 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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Welltower’s quarterly revenue was up 23.7% on a year-over-year basis. As a group, equities analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

About Welltower

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.