Westpac Banking Corp Reduces Holdings in Welltower Inc (NYSE:WELL)

Westpac Banking Corp trimmed its position in shares of Welltower Inc (NYSE:WELL) by 35.8% in the 2nd quarter, Holdings Channel reports. The firm owned 325,440 shares of the real estate investment trust’s stock after selling 181,336 shares during the period. Westpac Banking Corp’s holdings in Welltower were worth $26,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Welltower by 3.7% in the 1st quarter. BlackRock Inc. now owns 39,917,986 shares of the real estate investment trust’s stock valued at $3,097,636,000 after buying an additional 1,414,802 shares in the last quarter. FMR LLC grew its holdings in Welltower by 4.1% in the 1st quarter. FMR LLC now owns 9,139,695 shares of the real estate investment trust’s stock valued at $709,239,000 after buying an additional 363,724 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Welltower by 13.4% in the 1st quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock valued at $676,620,000 after buying an additional 1,032,562 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Welltower by 0.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,231,821 shares of the real estate investment trust’s stock valued at $589,611,000 after buying an additional 47,340 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Welltower by 2.6% in the 1st quarter. Northern Trust Corp now owns 6,380,133 shares of the real estate investment trust’s stock valued at $495,099,000 after buying an additional 162,050 shares in the last quarter. Hedge funds and other institutional investors own 87.04% of the company’s stock.

Shares of NYSE WELL traded down $0.26 during mid-day trading on Tuesday, reaching $87.73. 121,845 shares of the company’s stock were exchanged, compared to its average volume of 1,954,911. The firm has a market capitalization of $35.78 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 4.58 and a beta of 0.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.73 and a quick ratio of 1.73. Welltower Inc has a 52-week low of $60.93 and a 52-week high of $88.44. The stock’s 50-day moving average is $84.35.



Welltower (NYSE:WELL) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.70). Welltower had a return on equity of 4.62% and a net margin of 11.98%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $1.00 EPS. Welltower’s revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts forecast that Welltower Inc will post 4.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, August 14th. Welltower’s payout ratio is 86.35%.

Several analysts have issued reports on WELL shares. Stifel Nicolaus upped their target price on Welltower from $78.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets restated a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Scotiabank set a $80.00 price target on Welltower and gave the stock a “hold” rating in a report on Friday, June 14th. Finally, Raymond James cut Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price target for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $79.12.

Welltower Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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