Callahan Advisors LLC Has $5.83 Million Stock Position in Welltower Inc. (NYSE:WELL)

Callahan Advisors LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,532 shares of the real estate investment trust’s stock after selling 1,559 shares during the period. Callahan Advisors LLC’s holdings in Welltower were worth $5,830,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Welltower by 3.8% during the first 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 position in shares of Welltower by 26.4% in 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 last quarter. Dimensional Fund Advisors LP lifted its position in shares of Welltower by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after buying an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after buying an additional 849,898 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Welltower by 12.4% in the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock worth $414,229,000 after buying an additional 489,533 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 0.6 %

Shares of WELL opened at $135.12 on Wednesday. The company has a market capitalization of $84.14 billion, a P/E ratio of 88.89, a PEG ratio of 2.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a one year low of $84.38 and a one year high of $139.80. The business’s 50 day simple moving average is $128.01 and its 200-day simple moving average is $113.31.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, November 13th. Welltower’s dividend payout ratio is 176.32%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.