Desjardins Global Asset Management Inc. Sells 290 Shares of Welltower Inc. (NYSE:WELL)

Desjardins Global Asset Management Inc. reduced its holdings in Welltower Inc. (NYSE:WELL) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,155 shares of the real estate investment trust’s stock after selling 290 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Welltower were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Welltower by 1,412.2% in the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock worth $54,062,000 after buying an additional 555,353 shares during the period. Harbour Trust & Investment Management Co bought a new position in Welltower in the 4th quarter worth approximately $5,409,000. Koshinski Asset Management Inc. increased its position in Welltower by 55.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 1,458 shares during the period. Envestnet Asset Management Inc. increased its position in Welltower by 27.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock worth $36,643,000 after buying an additional 96,046 shares during the period. Finally, Cerity Partners LLC increased its position in Welltower by 57.4% in the 4th quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock worth $15,158,000 after buying an additional 61,324 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Welltower stock opened at $90.84 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a market cap of $53.69 billion, a P/E ratio of 141.94, a P/E/G ratio of 2.28 and a beta of 1.08. The business’s fifty day moving average is $91.76 and its two-hundred day moving average is $88.92. Welltower Inc. has a 52 week low of $72.47 and a 52 week high of $94.63.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. Welltower’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Equities research analysts forecast that Welltower Inc. will post 4.03 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s dividend payout ratio is currently 381.26%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BNP Paribas assumed coverage on Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. Mizuho boosted their price objective on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective on the stock. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Finally, KeyCorp boosted their price objective on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.57.

About Welltower

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.