Los Angeles Capital Management LLC Sells 70,037 Shares of Welltower Inc. (NYSE:WELL)

Los Angeles Capital Management LLC lowered its stake in Welltower Inc. (NYSE:WELL - Free Report) by 62.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,655 shares of the real estate investment trust's stock after selling 70,037 shares during the quarter. Los Angeles Capital Management LLC's holdings in Welltower were worth $6,535,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in Welltower in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new position in Welltower during the 1st quarter worth $28,000. Hughes Financial Services LLC purchased a new position in Welltower during the 1st quarter worth $31,000. Franchise Capital Ltd purchased a new position in Welltower during the 1st quarter worth $32,000. Finally, ZynergyRetirementPlanningLLC purchased a new position in Welltower during the 1st quarter worth $33,000. Institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

WELL has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Evercore ISI lifted their target price on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted 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. Finally, Wall Street Zen cut 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 assigned 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.18.

Welltower Trading Up 0.8%

Shares of WELL opened at $160.32 on Tuesday. The business's 50-day moving average price is $152.07 and its 200-day moving average price is $146.76. Welltower Inc. has a twelve month low of $106.98 and a twelve month high of $161.74. The stock has a market cap of $104.84 billion, a PE ratio of 92.14, a P/E/G ratio of 1.85 and a beta of 0.92. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share 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 for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The company's revenue was up 30.3% on a year-over-year basis. On average, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was bought at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the acquisition, the director owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company's stock.

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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