LGT Group Foundation Cuts Stock Holdings in Welltower Inc. (NYSE:WELL)

LGT Group Foundation lowered its stake in Welltower Inc. (NYSE:WELL) by 26.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,013 shares of the real estate investment trust’s stock after selling 32,468 shares during the quarter. LGT Group Foundation’s holdings in Welltower were worth $9,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Foundation Advisors purchased a new stake in Welltower during the second quarter valued at $26,000. TruNorth Capital Management LLC bought a new stake in shares of Welltower in the 2nd quarter worth about $27,000. Rise Advisors LLC purchased a new stake in shares of Welltower during the 1st quarter valued at about $27,000. Centerpoint Advisors LLC bought a new position in shares of Welltower in the 2nd quarter valued at about $31,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.6 %

Shares of NYSE:WELL traded up $0.69 during trading hours on Monday, hitting $125.29. The company’s stock had a trading volume of 156,688 shares, compared to its average volume of 2,680,188. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The firm’s fifty day moving average price is $112.96 and its 200 day moving average price is $102.28. Welltower Inc. has a 52 week low of $78.38 and a 52 week high of $125.56. The company has a market capitalization of $76.32 billion, a price-to-earnings ratio of 154.60, a P/E/G ratio of 2.88 and a beta of 1.21.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. Welltower’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is 330.86%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Scotiabank raised their price target on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.58.

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.