Truist Financial Corp Sells 1,448 Shares of Welltower Inc. (NYSE:WELL)

Truist Financial Corp decreased its holdings in Welltower Inc. (NYSE:WELL) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,764 shares of the real estate investment trust’s stock after selling 1,448 shares during the quarter. Truist Financial Corp’s holdings in Welltower were worth $5,750,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WELL. Vanguard Group Inc. lifted its position in Welltower by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock worth $6,615,662,000 after buying an additional 2,156,673 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Welltower by 25.1% during the third quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock valued at $1,058,848,000 after purchasing an additional 2,596,718 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Welltower by 22.9% in the third quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock valued at $695,223,000 after purchasing an additional 1,581,084 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Welltower by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,986,481 shares of the real estate investment trust’s stock worth $720,141,000 after buying an additional 99,314 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Welltower by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 6,627,731 shares of the real estate investment trust’s stock worth $542,944,000 after buying an additional 48,051 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Down 0.3 %

NYSE:WELL opened at $95.81 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.22. The business’s 50-day simple moving average is $92.26 and its 200-day simple moving average is $89.76. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $98.19. The stock has a market capitalization of $57.29 billion, a PE ratio of 118.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.07.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a net margin of 6.37% and a return on equity of 1.77%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. Sell-side analysts expect that Welltower Inc. will post 4.06 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.55%. Welltower’s dividend payout ratio (DPR) is 301.23%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WELL. BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Scotiabank cut their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 target price for the company. Finally, StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.