DekaBank Deutsche Girozentrale Sells 3,115 Shares of Welltower Inc. (NYSE:WELL)

DekaBank Deutsche Girozentrale lessened its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 379,147 shares of the real estate investment trust's stock after selling 3,115 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Welltower worth $57,709,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WELL. Beacon Financial Planning Inc. grew its position in Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after acquiring an additional 1,780 shares in the last quarter. Summit Trail Advisors LLC raised its position in shares of Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock worth $1,035,000 after purchasing an additional 2,571 shares during the last quarter. Groupama Asset Managment raised its holdings in 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 valued at $2,183,000 after acquiring an additional 1,891,847 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Welltower by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock worth $20,147,000 after buying an additional 10,423 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Welltower by 10.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,632,705 shares of the real estate investment trust's stock worth $961,950,000 after purchasing an additional 712,279 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

Welltower Price Performance

Shares of WELL traded up $0.56 during mid-day trading on Wednesday, reaching $152.32. The company had a trading volume of 3,086,381 shares, compared to its average volume of 2,919,408. The company's 50 day simple moving average is $151.17 and its 200 day simple moving average is $144.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. Welltower Inc. has a 1-year low of $102.92 and a 1-year high of $158.55. The company has a market capitalization of $99.61 billion, a price-to-earnings ratio of 87.54, a P/E/G ratio of 1.79 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The business's revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 earnings per share. Analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

Welltower Profile

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.