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

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

Other large investors have also made changes to their positions in the company. Vestmark Advisory Solutions Inc. increased its stake in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after purchasing an additional 7,872 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Welltower by 30.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after acquiring an additional 128,090 shares during the last quarter. Beacon Financial Planning Inc. lifted its holdings in shares of Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after acquiring an additional 1,780 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Welltower by 61.4% in the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock valued at $1,035,000 after purchasing an additional 2,571 shares in the last quarter. Finally, Groupama Asset Managment grew its holdings in shares of Welltower by 23,204.3% during the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock valued at $2,183,000 after purchasing an additional 1,891,847 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Activity

In related news, Director Andrew Gundlach purchased 20,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Welltower Trading Up 0.9%

WELL traded up $1.34 during trading on Monday, hitting $154.11. The company's stock had a trading volume of 2,764,253 shares, compared to its average volume of 2,921,147. The firm has a market capitalization of $100.78 billion, a P/E ratio of 88.57, a PEG ratio of 1.78 and a beta of 0.92. Welltower Inc. has a twelve month low of $102.92 and a twelve month high of $158.55. The stock's fifty day moving average price is $151.06 and its 200-day moving average price is $144.68. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping 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 business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the company posted $1.01 earnings per share. The business's quarterly revenue was up 30.3% on a year-over-year basis. Analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

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

Wall Street Analyst Weigh In

WELL has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Wedbush reiterated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Morgan Stanley lifted their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.