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

Nisa Investment Advisors LLC cut its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 280,029 shares of the real estate investment trust's stock after selling 17,754 shares during the quarter. Nisa Investment Advisors LLC's holdings in Welltower were worth $42,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of WELL. Norges Bank bought a new stake in shares of Welltower in the 4th quarter worth approximately $3,943,892,000. Northern Trust Corp lifted its holdings in shares of Welltower by 53.5% in the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock worth $1,062,495,000 after acquiring an additional 2,939,229 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after acquiring an additional 2,612,044 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Welltower by 23,204.3% in the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after acquiring an additional 1,891,847 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Welltower by 17,343.3% in the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock worth $266,287,000 after acquiring an additional 1,728,088 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of recent research reports. Scotiabank restated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. 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 downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Mizuho lifted their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.18.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by insiders.

Welltower Trading Up 1.6%

Welltower stock traded up $2.38 during mid-day trading on Friday, reaching $155.10. 2,419,527 shares of the company traded hands, compared to its average volume of 2,906,255. 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 firm's 50 day moving average price is $151.30 and its 200 day moving average price is $145.37. The firm has a market capitalization of $101.43 billion, a price-to-earnings ratio of 89.14, a P/E/G ratio of 1.78 and a beta of 0.92. Welltower Inc. has a 52-week low of $103.36 and a 52-week high of $158.55.

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

Welltower Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is presently 154.02%.

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.