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Nisa Investment Advisors LLC Decreases Position in Welltower Inc. (NYSE:WELL)

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Nisa Investment Advisors LLC lowered its position in Welltower Inc. (NYSE:WELL - Free Report) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,029 shares of the real estate investment trust's stock after selling 17,754 shares during the period. Nisa Investment Advisors LLC's holdings in Welltower were worth $42,903,000 as of its most recent filing with the Securities & Exchange Commission.

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

Welltower Stock Performance

Shares of NYSE:WELL traded up $0.56 during 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 firm has a market capitalization of $99.61 billion, a price-to-earnings ratio of 87.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. The stock's fifty day moving average price is $151.17 and its 200 day moving average price is $144.93. Welltower Inc. has a fifty-two week low of $102.92 and a fifty-two week high of $158.55.

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

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.76%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research analyst reports. Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Evercore ISI increased their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Scotiabank reissued an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

Get Our Latest Stock Report on WELL

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares in the company, valued at $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

About Welltower

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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