Heitman Real Estate Securities LLC Has $78.89 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Heitman Real Estate Securities LLC decreased its holdings in Welltower Inc. (NYSE:WELL) by 40.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 616,148 shares of the real estate investment trust’s stock after selling 413,419 shares during the period. Welltower comprises approximately 4.3% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 4th biggest holding. Heitman Real Estate Securities LLC owned approximately 0.10% of Welltower worth $78,885,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WELL. Burke & Herbert Bank & Trust Co. bought a new position in shares of Welltower in the second quarter worth $674,000. Manning & Napier Advisors LLC bought a new position in shares of Welltower in the 2nd quarter valued at about $14,766,000. Van Hulzen Asset Management LLC purchased a new position in shares of Welltower during the second quarter worth approximately $411,000. American Century Companies Inc. boosted its stake in Welltower by 10.1% in the second quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after acquiring an additional 129,270 shares in the last quarter. Finally, Diversified Trust Co lifted its position in Welltower by 93.8% during the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after purchasing an additional 8,940 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WELL. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Scotiabank raised their price target on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average price target of $117.50.

Welltower Price Performance

Shares of NYSE WELL opened at $134.11 on Tuesday. The stock’s 50-day simple moving average is $132.24 and its 200-day simple moving average is $118.48. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The firm has a market capitalization of $83.51 billion, a PE ratio of 88.23, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Welltower Company 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.