Welltower Inc. (NYSE:WELL) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Welltower Inc. (NYSE:WELL) by 4.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 114,942 shares of the real estate investment trust’s stock after selling 5,063 shares during the period. Amalgamated Bank’s holdings in Welltower were worth $14,716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd lifted its stake in shares of Welltower by 2.1% during the 3rd quarter. Gulf International Bank UK Ltd now owns 46,344 shares of the real estate investment trust’s stock worth $5,933,000 after purchasing an additional 971 shares during the period. Legacy CG LLC purchased a new position in Welltower during the third quarter worth about $3,949,000. Impax Asset Management Group plc boosted its stake in Welltower by 23.5% in the 3rd quarter. Impax Asset Management Group plc now owns 36,375 shares of the real estate investment trust’s stock worth $4,657,000 after buying an additional 6,927 shares during the last quarter. Red Cedar Investment Management LLC grew its holdings in Welltower by 209.0% in the 3rd quarter. Red Cedar Investment Management LLC now owns 22,986 shares of the real estate investment trust’s stock valued at $2,943,000 after buying an additional 15,547 shares during the period. Finally, World Equity Group Inc. acquired a new position in shares of Welltower during the 3rd quarter valued at about $221,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Up 0.6 %

NYSE WELL opened at $135.12 on Wednesday. The stock has a market cap of $84.14 billion, a PE ratio of 88.89, a P/E/G ratio of 2.91 and a beta of 1.20. The business has a 50 day moving average price of $128.01 and a two-hundred day moving average price of $113.31. Welltower Inc. has a fifty-two week low of $84.38 and a fifty-two week high of $139.80. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings results 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). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. As a group, sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WELL. Evercore ISI raised their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Scotiabank increased their target price on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Morgan Stanley boosted their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Wedbush upped their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.