Welltower Inc. $WELL Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its position in Welltower Inc. (NYSE:WELL) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,312 shares of the real estate investment trust’s stock after selling 11,973 shares during the quarter. Cornerstone Advisors LLC’s holdings in Welltower were worth $20,563,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RHL Group LLC raised its holdings in shares of Welltower by 146.7% in the 3rd quarter. RHL Group LLC now owns 111 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 66 shares in the last quarter. Kilter Group LLC bought a new position in shares of Welltower during the second quarter valued at approximately $29,000. Solstein Capital LLC bought a new position in shares of Welltower during the second quarter valued at approximately $34,000. Fulcrum Asset Management LLP bought a new position in shares of Welltower during the third quarter valued at approximately $37,000. Finally, Summit Securities Group LLC increased its holdings in Welltower by 42.6% during the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 49 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Down 0.1%

Welltower stock opened at $244.62 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.16 and a current ratio of 3.16. The business’s 50-day simple moving average is $234.56 and its two-hundred day simple moving average is $221.17. The company has a market cap of $179.45 billion, a PE ratio of 105.89, a PEG ratio of 1.17 and a beta of 0.79. Welltower Inc. has a fifty-two week low of $181.47 and a fifty-two week high of $255.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 EPS 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 the consensus estimate of $3.64 billion. During the same period in the prior year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities analysts anticipate that Welltower Inc. will post 6.50 EPS for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is currently 147.19%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WELL. JPMorgan Chase & Co. increased their target price on Welltower from $260.00 to $273.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on Welltower from $266.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Cantor Fitzgerald reduced their price target on Welltower from $260.00 to $258.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $263.00 price objective on shares of Welltower in a research report on Thursday, October 29th. Finally, Mizuho raised their price objective on Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $263.10.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the purchase, the director directly owned 30,000 shares in the company, valued at approximately $7,261,800. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owned by company insiders.

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.