Teachers Insurance & Annuity Association of America decreased its position in shares of Welltower Inc (NYSE:WELL) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,434 shares of the real estate investment trust’s stock after selling 84,153 shares during the quarter. Welltower comprises 2.5% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 8th largest holding. Teachers Insurance & Annuity Association of America owned 0.06% of Welltower worth $21,396,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of WELL. Duncker Streett & Co. Inc. increased its stake in Welltower by 27.6% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 128 shares during the last quarter. Wealthstreet Investment Advisors LLC grew its holdings in Welltower by 1.6% during the second quarter. Wealthstreet Investment Advisors LLC now owns 9,704 shares of the real estate investment trust’s stock valued at $791,000 after purchasing an additional 150 shares during the period. Asset Dedication LLC raised its stake in shares of Welltower by 29.6% in the second quarter. Asset Dedication LLC now owns 709 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 162 shares during the period. Resources Investment Advisors Inc. raised its stake in shares of Welltower by 20.9% in the first quarter. Resources Investment Advisors Inc. now owns 961 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 166 shares during the period. Finally, Claro Advisors LLC raised its stake in shares of Welltower by 7.0% in the first quarter. Claro Advisors LLC now owns 2,691 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 176 shares during the period. 89.26% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on WELL. BMO Capital Markets reissued a “buy” rating and issued a $86.00 price objective on shares of Welltower in a report on Monday, August 5th. Wood & Company reiterated an “average” rating on shares of Welltower in a research report on Thursday, August 22nd. Stifel Nicolaus lifted their target price on shares of Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Scotiabank set a $80.00 price target on shares of Welltower and gave the company a “hold” rating in a research report on Friday, June 14th. Finally, Morgan Stanley raised their price objective on shares of Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $80.39.
Shares of NYSE WELL traded up $0.06 during trading on Wednesday, reaching $87.94. The company had a trading volume of 116,762 shares, compared to its average volume of 1,720,365. Welltower Inc has a 12-month low of $60.93 and a 12-month high of $92.50. The stock has a market cap of $36.56 billion, a PE ratio of 21.81, a P/E/G ratio of 4.69 and a beta of 0.24. The business’s 50-day moving average is $87.48 and its 200 day moving average is $81.06. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95.
Welltower (NYSE:WELL) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.70). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Welltower had a net margin of 11.98% and a return on equity of 4.62%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. On average, analysts anticipate that Welltower Inc will post 4.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.96%. Welltower’s dividend payout ratio (DPR) is currently 86.35%.
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.
Featured Article: How does new data get added to a blockchain?
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.