Private Advisor Group LLC reduced its stake in Welltower Inc (NYSE:WELL) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,396 shares of the real estate investment trust’s stock after selling 600 shares during the period. Private Advisor Group LLC’s holdings in Welltower were worth $1,780,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in WELL. Swiss National Bank lifted its holdings in shares of Welltower by 21.6% in the first quarter. Swiss National Bank now owns 1,860,884 shares of the real estate investment trust’s stock worth $85,191,000 after acquiring an additional 331,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Welltower by 16.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 478,077 shares of the real estate investment trust’s stock worth $21,886,000 after buying an additional 68,771 shares during the period. Bessemer Group Inc. grew its position in shares of Welltower by 614.5% during the 2nd quarter. Bessemer Group Inc. now owns 19,648 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 16,898 shares during the period. Bank of Nova Scotia grew its position in shares of Welltower by 16.8% during the 2nd quarter. Bank of Nova Scotia now owns 50,825 shares of the real estate investment trust’s stock worth $2,630,000 after buying an additional 7,298 shares during the period. Finally, Balyasny Asset Management LLC grew its position in shares of Welltower by 26.9% during the 1st quarter. Balyasny Asset Management LLC now owns 10,376 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 2,198 shares during the period. Hedge funds and other institutional investors own 89.24% of the company’s stock.
Several brokerages have recently commented on WELL. Berenberg Bank initiated coverage on shares of Welltower in a research report on Wednesday, July 22nd. They set a “buy” rating and a $56.00 price objective for the company. Zacks Investment Research upgraded Welltower from a “sell” rating to a “hold” rating and set a $55.00 target price on the stock in a report on Saturday, May 30th. Evercore ISI upgraded Welltower from an “in-line” rating to an “outperform” rating in a report on Monday, June 15th. Citigroup increased their target price on Welltower from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 target price on shares of Welltower in a report on Tuesday, September 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.80.
Welltower (NYSE:WELL) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.44). Welltower had a return on equity of 8.64% and a net margin of 26.20%. Equities research analysts expect that Welltower Inc will post 3.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 18th were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.44 annualized dividend and a yield of 4.02%. Welltower’s payout ratio is 58.65%.
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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