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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower in the first quarter valued at approximately $28,000. Franchise Capital Ltd bought a new position in shares of Welltower during the 1st quarter worth approximately $32,000. ZynergyRetirementPlanningLLC bought a new position in shares of Welltower during the 1st quarter worth approximately $33,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Welltower by 57.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on WELL shares. Mizuho lifted their price objective 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. Scotiabank reiterated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, Wells Fargo & Company increased their target price on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

Welltower Stock Performance

NYSE WELL traded up $2.38 during trading on Friday, reaching $155.10. The company's stock had a trading volume of 2,419,527 shares, compared to its average volume of 2,903,821. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $101.43 billion, a price-to-earnings ratio of 89.14, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. Welltower Inc. has a 12 month low of $104.10 and a 12 month high of $158.55. The firm has a 50 day moving average price of $151.30 and a 200 day moving average price of $145.50.

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

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio is presently 154.02%.

Insider Buying and Selling

In related news, Director Andrew Gundlach purchased 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company's stock.

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.