Welltower Inc. (NYSE:WELL) Shares Sold by NBC Securities Inc.

NBC Securities Inc. reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 9.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869 shares of the real estate investment trust’s stock after selling 93 shares during the period. NBC Securities Inc.’s holdings in Welltower were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Vanguard Group Inc. raised its position 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 purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors lifted its stake 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 buying an additional 6,104,064 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Welltower by 0.8% in 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 acquiring an additional 62,942 shares during the period. Centersquare Investment Management LLC raised its stake in 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 worth $507,771,000 after acquiring an additional 849,898 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position 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 acquiring an additional 489,533 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Welltower stock opened at $132.24 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The company’s fifty day moving average price is $124.22 and its 200 day moving average price is $109.57. The stock has a market capitalization of $79.07 billion, a P/E ratio of 163.26, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a 1 year low of $80.80 and a 1 year high of $132.27.

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

Welltower Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on WELL shares. Morgan Stanley raised their price objective on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. KeyCorp lifted their price objective on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $115.38.

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.