Keybank National Association OH Sells 4,933 Shares of Welltower Inc. $WELL

Keybank National Association OH trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,283 shares of the real estate investment trust’s stock after selling 4,933 shares during the period. Keybank National Association OH’s holdings in Welltower were worth $19,636,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Revolve Wealth Partners LLC raised its position in Welltower by 3.3% in the 2nd quarter. Revolve Wealth Partners LLC now owns 1,392 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 45 shares during the last quarter. Cornerstone Financial Management LLC lifted its holdings in Welltower by 3.5% during the 2nd quarter. Cornerstone Financial Management LLC now owns 1,318 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 45 shares in the last quarter. Heritage Family Offices LLP lifted its holdings in Welltower by 4.9% during the 3rd quarter. Heritage Family Offices LLP now owns 997 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 47 shares in the last quarter. Family Wealth Partners LLC lifted its holdings in Welltower by 1.3% during the 2nd quarter. Family Wealth Partners LLC now owns 3,678 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 48 shares in the last quarter. Finally, Natural Investments LLC boosted its position in Welltower by 3.0% in the 2nd quarter. Natural Investments LLC now owns 1,673 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 48 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Down 0.2%

WELL opened at $247.12 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16. The company has a market cap of $181.29 billion, a price-to-earnings ratio of 106.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. The firm has a 50 day simple moving average of $234.37 and a 200 day simple moving average of $220.56. Welltower Inc. has a fifty-two week low of $181.47 and a fifty-two week high of $255.20.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Welltower’s revenue was up 38.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Welltower Inc. will post 6.50 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 10th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s dividend payout ratio is 147.19%.

Insider Buying and Selling at Welltower

In related news, Director Andrew Gundlach purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of $242.06 per share, with a total value of $1,210,300.00. Following the purchase, the director directly owned 30,000 shares in the company, valued at $7,261,800. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is currently owned by company insiders.

Welltower News Roundup

Here’s some of the latest news about WELL:

• Positive Sentiment: JPMorgan lifted its target to $273 from $260 and assigned an Overweight rating, indicating continued confidence in Welltower’s prospects. JPMorgan price target article
• Positive Sentiment: RBC raised its target to $266 from $260 and maintained an Outperform rating. RBC price target article
• Neutral Sentiment: A dividend analysis was published, but the provided headline does not give details or indicate a change to Welltower’s dividend outlook. Welltower dividend analysis

Analyst Ratings Changes

Several research firms have recently commented on WELL. Barclays lowered their target price on Welltower from $259.00 to $246.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $263.00 price target on shares of Welltower in a research note on Thursday, October 29th. Scotiabank upped their price target on Welltower from $244.00 to $251.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Morgan Stanley raised their price target on Welltower from $215.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.10.

Welltower Company Profile

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.