Welltower Inc. (NYSE:WELL) Shares Sold by LGT Group Foundation

LGT Group Foundation lowered its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,063 shares of the real estate investment trust's stock after selling 28,849 shares during the period. LGT Group Foundation's holdings in Welltower were worth $12,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in WELL. Bruce G. Allen Investments LLC bought a new stake in Welltower in the fourth quarter worth about $25,000. Headlands Technologies LLC lifted its holdings in Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 259 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of Welltower by 117.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 185 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Welltower during the 3rd quarter worth about $38,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 194 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Welltower in a research note on Tuesday, January 30th. They set a "buy" rating and a $115.00 price target on the stock. KeyCorp increased their price objective on shares of Welltower from $90.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, January 5th. Scotiabank cut their target price on shares of Welltower from $97.00 to $96.00 and set a "sector outperform" rating on the stock in a report on Monday, March 4th. Mizuho raised their target price on Welltower from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, January 3rd. Finally, BNP Paribas initiated coverage on shares of Welltower in a research note on Monday, March 18th. They set an "outperform" rating and a $104.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.57.

Welltower Stock Up 1.8 %

Shares of Welltower stock traded up $1.72 during trading hours on Thursday, reaching $96.08. The company's stock had a trading volume of 3,129,136 shares, compared to its average volume of 2,562,322. The company has a market capitalization of $56.79 billion, a P/E ratio of 116.47, a P/E/G ratio of 2.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.22 and a current ratio of 3.83. Welltower Inc. has a one year low of $72.47 and a one year high of $98.19. The stock's fifty day simple moving average is $92.17 and its two-hundred day simple moving average is $89.65.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The company's quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. On average, research analysts forecast that Welltower Inc. will post 4.05 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, May 10th. Welltower's payout ratio is currently 301.23%.

Welltower Company Profile

Welltower Inc NYSE: WELL, a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.