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Welltower Inc. (NYSE:WELL) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

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OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,706 shares of the real estate investment trust's stock after selling 11,512 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Welltower were worth $18,647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geller Advisors LLC boosted its stake in Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after acquiring an additional 69 shares during the period. Good Life Advisors LLC lifted its position in Welltower by 1.2% in the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 69 shares during the period. Sivia Capital Partners LLC lifted its position in Welltower by 4.3% in the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 73 shares during the period. Premier Path Wealth Partners LLC increased its holdings in shares of Welltower by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock valued at $678,000 after buying an additional 77 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in shares of Welltower by 4.3% in the first quarter. Catalyst Financial Partners LLC now owns 1,854 shares of the real estate investment trust's stock valued at $284,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI upped their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Wells Fargo & Company upped their price target on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley boosted their target price 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. Two investment 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $168.18.

Check Out Our Latest Report on WELL

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

Welltower Trading Up 1.6%

Welltower stock opened at $155.10 on Monday. The stock has a market cap of $101.43 billion, a P/E ratio of 89.14, a P/E/G ratio of 1.80 and a beta of 0.92. Welltower Inc. has a 12 month low of $104.10 and a 12 month high of $158.55. The company's fifty day simple moving average is $151.30 and its 200-day simple moving average is $145.63. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company's quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders 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 yield of 1.73%. Welltower's payout ratio is presently 154.02%.

Welltower Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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