Sarasin & Partners LLP Has $4.58 Million Holdings in Welltower Inc. (NYSE:WELL)

Sarasin & Partners LLP lessened its holdings in Welltower Inc. (NYSE:WELL) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,615 shares of the real estate investment trust’s stock after selling 4,160 shares during the period. Sarasin & Partners LLP’s holdings in Welltower were worth $4,580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Welltower by 1.2% in the 1st quarter. BlackRock Inc. now owns 50,479,230 shares of the real estate investment trust’s stock worth $3,618,856,000 after acquiring an additional 604,570 shares during the last quarter. Norges Bank bought a new stake in Welltower in the 4th quarter worth about $1,104,830,000. FMR LLC grew its position in Welltower by 3.6% in the 1st quarter. FMR LLC now owns 16,377,726 shares of the real estate investment trust’s stock worth $1,174,119,000 after purchasing an additional 567,977 shares in the last quarter. Geode Capital Management LLC grew its position in Welltower by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 10,792,006 shares of the real estate investment trust’s stock worth $772,087,000 after purchasing an additional 237,800 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Welltower by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,361,169 shares of the real estate investment trust’s stock worth $742,792,000 after purchasing an additional 129,026 shares in the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WELL. Barclays upped their price objective on shares of Welltower from $82.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Mizuho upped their price objective on shares of Welltower from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada upped their price objective on shares of Welltower from $87.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th. Raymond James downgraded shares of Welltower from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $82.00 to $90.00 in a research report on Friday, June 23rd. Finally, Morgan Stanley increased their target price on shares of Welltower from $74.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, September 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $85.25.

Welltower Stock Down 0.2 %

WELL opened at $84.37 on Friday. The company has a 50 day moving average of $82.28 and a 200 day moving average of $77.95. The company has a market cap of $43.77 billion, a PE ratio of 366.84, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. Welltower Inc. has a 12 month low of $56.50 and a 12 month high of $86.39. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.73.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Tuesday, August 15th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Monday, August 14th. Welltower’s dividend payout ratio (DPR) is presently 1,060.92%.

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.