Stonnington Group LLC Lowers Stock Holdings in Welltower Inc. (NYSE:WELL)

Stonnington Group LLC lowered its stake in shares of Welltower Inc. (NYSE:WELLGet Rating) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,200 shares of the real estate investment trust’s stock after selling 210 shares during the quarter. Stonnington Group LLC’s holdings in Welltower were worth $262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WELL. Covestor Ltd lifted its position in Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 147 shares during the period. Disciplined Investments LLC acquired a new stake in Welltower in the first quarter valued at about $37,000. Trustcore Financial Services LLC acquired a new stake in Welltower in the first quarter valued at about $42,000. Annapolis Financial Services LLC acquired a new stake in Welltower in the first quarter valued at about $48,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Welltower in the first quarter valued at about $51,000. Hedge funds and other institutional investors own 97.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WELL. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Welltower from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group reduced their price target on shares of Welltower from $89.00 to $79.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Morgan Stanley reiterated an “overweight” rating and set a $90.00 price target on shares of Welltower in a research report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. upgraded shares of Welltower from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $94.00 to $89.00 in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued 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 $94.79.

Welltower Trading Up 0.1 %

Shares of Welltower stock opened at $72.82 on Monday. The company has a market capitalization of $33.06 billion, a P/E ratio of 81.82, a P/E/G ratio of 3.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.19 and a quick ratio of 2.19. Welltower Inc. has a 1 year low of $70.56 and a 1 year high of $99.43. The business has a 50 day moving average price of $79.99 and a 200 day moving average price of $86.00.

Welltower (NYSE:WELLGet Rating) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.65). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Welltower had a return on equity of 2.09% and a net margin of 7.20%. The firm’s revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. Sell-side analysts anticipate that Welltower Inc. will post 3.43 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $2.44 annualized dividend and a yield of 3.35%. Welltower’s payout ratio is currently 274.16%.

Welltower Profile

(Get Rating)

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

Featured Articles

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELLGet Rating).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.