Vert Asset Management LLC Decreases Position in Welltower Inc. (NYSE:WELL)

Vert Asset Management LLC reduced its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 22.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,486 shares of the real estate investment trust's stock after selling 41,264 shares during the period. Welltower makes up about 7.3% of Vert Asset Management LLC's investment portfolio, making the stock its 2nd biggest position. Vert Asset Management LLC's holdings in Welltower were worth $21,371,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Welltower by 2.7% during 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 purchasing an additional 2,612,044 shares during the last quarter. Capital International Investors increased its position in Welltower by 0.9% during the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after purchasing an additional 318,496 shares in the last quarter. Norges Bank acquired a new position in Welltower during the 4th quarter worth approximately $3,943,892,000. Bank of America Corp DE raised its stake in shares of Welltower by 9.7% during the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after acquiring an additional 1,652,611 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Welltower by 9.4% during the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after acquiring an additional 1,354,231 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Up 0.9%

Shares of WELL opened at $154.44 on Monday. The company's fifty day moving average is $148.04 and its 200 day moving average is $141.89. Welltower Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $158.55. The stock has a market capitalization of $101.00 billion, a PE ratio of 99.00, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm's quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.74%. Welltower's payout ratio is 154.02%.

Analysts Set New Price Targets

WELL has been the topic of several research analyst reports. Scotiabank increased their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their price target on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Evercore ISI lifted their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $163.25.

Welltower 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.

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