Impax Asset Management Group plc Reduces Stake in Welltower Inc. (NYSE:WELL)

Impax Asset Management Group plc reduced its stake in Welltower Inc. (NYSE:WELL - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,989 shares of the real estate investment trust's stock after selling 2,552 shares during the quarter. Impax Asset Management Group plc's holdings in Welltower were worth $3,829,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Welltower during the fourth quarter worth approximately $3,943,892,000. Northern Trust Corp increased its holdings in shares of Welltower by 53.5% during the fourth quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock worth $1,062,495,000 after purchasing an additional 2,939,229 shares during the period. Vanguard Group Inc. increased its holdings in shares of Welltower by 2.7% during the fourth 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 period. Groupama Asset Managment increased its holdings in shares of Welltower by 23,204.3% during the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after purchasing an additional 1,891,847 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Welltower by 17,343.3% during the first quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock worth $266,287,000 after purchasing an additional 1,728,088 shares during the period. 94.80% of the stock is owned by institutional investors.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company's stock.

Welltower Trading Up 0.7%

WELL stock traded up $1.00 during midday trading on Wednesday, hitting $152.76. The stock had a trading volume of 1,097,056 shares, compared to its average volume of 2,913,717. Welltower Inc. has a 1-year low of $102.92 and a 1-year high of $158.55. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The firm has a market cap of $99.90 billion, a P/E ratio of 87.79, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The business has a fifty day moving average price of $151.17 and a two-hundred day moving average price of $144.93.

Welltower (NYSE:WELL - Get Free Report) last posted 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 net margin of 12.65% and a return on equity of 3.41%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business's revenue was up 30.3% compared to the same quarter last year. On average, sell-side analysts predict 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. Shareholders of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WELL shares. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Evercore ISI raised their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company raised their target price 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. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.18.

Welltower Company 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.