Impax Asset Management Group plc Sells 8,834 Shares of Welltower Inc. (NYSE:WELL)

Impax Asset Management Group plc reduced its position in shares of Welltower Inc. (NYSE:WELL) by 24.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,541 shares of the real estate investment trust’s stock after selling 8,834 shares during the quarter. Impax Asset Management Group plc’s holdings in Welltower were worth $3,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the last quarter. FMR LLC raised its holdings in Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after buying an additional 3,977,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Welltower by 638.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after buying an additional 5,982,711 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Welltower by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after purchasing an additional 46,332 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Welltower by 6.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,106,666 shares of the real estate investment trust’s stock worth $391,533,000 after purchasing an additional 192,303 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Scotiabank upped their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Finally, Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Welltower Stock Performance

Shares of WELL stock opened at $150.74 on Tuesday. Welltower Inc. has a one year low of $87.87 and a one year high of $152.81. The company’s 50-day moving average is $134.27 and its 200 day moving average is $130.61. The company has a market capitalization of $96.67 billion, a price-to-earnings ratio of 96.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Sell-side analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is 171.79%.

About Welltower

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.