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

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.

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

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.