Welltower Inc. (NYSE:WELL) Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its holdings in Welltower Inc. (NYSE:WELLFree Report) by 51.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,753 shares of the real estate investment trust’s stock after selling 205,528 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Welltower were worth $18,385,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WELL. Rafferty Asset Management LLC lifted its stake in Welltower by 9.6% during the third quarter. Rafferty Asset Management LLC now owns 57,955 shares of the real estate investment trust’s stock valued at $4,748,000 after buying an additional 5,061 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Welltower in the 3rd quarter valued at approximately $1,204,000. Envestnet Asset Management Inc. boosted its stake in Welltower by 27.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock worth $36,643,000 after purchasing an additional 96,046 shares during the period. Pearl River Capital LLC grew its position in Welltower by 167.8% during the 3rd quarter. Pearl River Capital LLC now owns 10,583 shares of the real estate investment trust’s stock worth $867,000 after purchasing an additional 6,631 shares in the last quarter. Finally, CI Investments Inc. raised its stake in Welltower by 4,652.9% during the 3rd quarter. CI Investments Inc. now owns 65,019 shares of the real estate investment trust’s stock valued at $5,326,000 after purchasing an additional 63,651 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WELL shares. Mizuho raised their target price on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company raised their price objective on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target for the company. Finally, Scotiabank boosted their price objective on shares of Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.07.

Get Our Latest Stock Report on WELL

Insiders Place Their Bets

In related news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock traded up $0.15 during trading on Wednesday, reaching $103.94. The company had a trading volume of 2,172,606 shares, compared to its average volume of 2,235,721. The firm’s 50 day simple moving average is $98.32 and its two-hundred day simple moving average is $93.26. Welltower Inc. has a one year low of $75.86 and a one year high of $105.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The company has a market capitalization of $62.15 billion, a PE ratio of 128.32, a PEG ratio of 2.56 and a beta of 1.16.

Welltower (NYSE:WELLGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. Sell-side analysts forecast that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio is 301.23%.

About Welltower

(Free Report)

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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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