Border to Coast Pensions Partnership Ltd Lowers Stake in Welltower Inc. (NYSE:WELL)

Border to Coast Pensions Partnership Ltd cut its stake in Welltower Inc. (NYSE:WELL - Free Report) by 15.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,000 shares of the real estate investment trust's stock after selling 65,000 shares during the period. Welltower comprises about 1.1% of Border to Coast Pensions Partnership Ltd's investment portfolio, making the stock its 27th largest position. Border to Coast Pensions Partnership Ltd owned 0.05% of Welltower worth $53,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in WELL. Vestmark Advisory Solutions Inc. grew its position in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after buying an additional 7,872 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Welltower by 30.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after purchasing an additional 128,090 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock worth $244,114,000 after purchasing an additional 285,015 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Welltower during the 4th quarter valued at $367,000. Finally, Groupama Asset Managment boosted its position in shares of Welltower by 23,204.3% in the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after purchasing an additional 1,891,847 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WELL. Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday. Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Mizuho raised their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Royal Bank Of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.75.

Welltower Stock Up 0.1%

Shares of NYSE WELL opened at $153.57 on Friday. The stock has a market cap of $100.43 billion, a PE ratio of 88.26, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. Welltower Inc. has a 12-month low of $101.97 and a 12-month high of $158.55. The company has a 50-day moving average of $150.40 and a 200 day moving average of $143.43.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business's revenue for the quarter was up 30.3% on a year-over-year basis. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is presently 154.02%.

About Welltower

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.

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