Welltower Inc. (NYSE:WELL) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its holdings in Welltower Inc. (NYSE:WELL) by 4.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 131,602 shares of the real estate investment trust’s stock after selling 5,537 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Welltower were worth $13,720,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. 1832 Asset Management L.P. lifted its holdings in Welltower by 12.0% in the second quarter. 1832 Asset Management L.P. now owns 44,700 shares of the real estate investment trust’s stock worth $4,660,000 after acquiring an additional 4,800 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Welltower by 27,142.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 9,535 shares of the real estate investment trust’s stock worth $994,000 after purchasing an additional 9,500 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Welltower by 12.9% in the 2nd quarter. ProShare Advisors LLC now owns 114,337 shares of the real estate investment trust’s stock worth $11,920,000 after purchasing an additional 13,076 shares during the last quarter. Profund Advisors LLC boosted its position in Welltower by 11.0% during the 2nd quarter. Profund Advisors LLC now owns 9,263 shares of the real estate investment trust’s stock valued at $966,000 after purchasing an additional 915 shares during the period. Finally, C2C Wealth Management LLC bought a new position in Welltower during the 2nd quarter worth $208,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Wedbush boosted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Scotiabank raised their target price on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Welltower Stock Performance

WELL opened at $125.27 on Monday. The business has a 50 day moving average price of $117.54 and a two-hundred day moving average price of $104.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The company has a market capitalization of $74.90 billion, a price-to-earnings ratio of 154.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. Welltower Inc. has a 1-year low of $78.38 and a 1-year high of $131.31.

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

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.14%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.