Welltower Inc. (NYSE:WELL) Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Welltower Inc. by 4.5%, selling 337,365 shares, bringing its total shares owned to 7,087,632, valued at approximately $1.09 billion.
• Welltower recently announced an increase in its quarterly dividend from $0.67 to $0.74, with an annualized yield of 1.8%.
• Welltower's latest earnings report revealed a revenue increase of 39.6% year-over-year, amounting to $2.55 billion, and an earnings per share of $1.28, surpassing analysts' expectations.

Invesco Ltd. trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,087,632 shares of the real estate investment trust's stock after selling 337,365 shares during the quarter. Invesco Ltd. owned about 1.08% of Welltower worth $1,085,896,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower in the first quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new stake in shares of Welltower in the first quarter worth approximately $31,000. Franchise Capital Ltd acquired a new stake in Welltower during the 1st quarter worth $32,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Welltower during the 1st quarter worth $32,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on WELL. Wells Fargo & Company lifted their target price 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. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Evercore ISI boosted their price objective on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Morgan Stanley boosted their price objective on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Welltower has an average rating of "Moderate Buy" and an average price target of $169.82.

Welltower Stock Down 1.0%

Shares of WELL traded down $1.72 during midday trading on Wednesday, reaching $163.07. 208,863 shares of the company were exchanged, compared to its average volume of 2,954,833. The stock has a 50-day moving average price of $157.32 and a 200-day moving average price of $150.98. The company has a market cap of $109.06 billion, a price-to-earnings ratio of 92.23, a P/E/G ratio of 1.92 and a beta of 0.93. Welltower Inc. has a 1-year low of $115.18 and a 1-year high of $171.09. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%. The company's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. Research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be given a dividend of $0.74 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's payout ratio is presently 151.41%.

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

Welltower Company 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.