HBK Investments L P Sells 223,347 Shares of Welltower Inc. (NYSE:WELL)

HBK Investments L P lessened its position in Welltower Inc. (NYSE:WELL) by 98.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,824 shares of the real estate investment trust’s stock after selling 223,347 shares during the quarter. HBK Investments L P’s holdings in Welltower were worth $362,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Old North State Wealth Management LLC lifted its holdings in Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after buying an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 82 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 94 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in Welltower by 14.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 96 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Scotiabank boosted their price target on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.50.

Welltower Stock Up 0.2 %

NYSE:WELL opened at $139.30 on Friday. The company has a market cap of $86.74 billion, a PE ratio of 91.65, a P/E/G ratio of 3.12 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $131.98 and its two-hundred day moving average is $117.95.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. Analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is presently 176.32%.

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.