Welltower Inc. (NYSE:WELL) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its position in shares of Welltower Inc. (NYSE:WELL) by 61.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 843,417 shares of the real estate investment trust’s stock after selling 1,325,928 shares during the period. Marshall Wace LLP’s holdings in Welltower were worth $87,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. RDA Financial Network raised its position in shares of Welltower by 0.6% during the 2nd quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock valued at $1,685,000 after buying an additional 104 shares during the period. Trueblood Wealth Management LLC raised its position in Welltower by 1.2% in the first quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock valued at $847,000 after purchasing an additional 109 shares during the period. Simplicity Wealth LLC lifted its stake in shares of Welltower by 0.9% in the 2nd quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 113 shares during the last quarter. Graypoint LLC lifted its position in Welltower by 4.8% in the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 122 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in shares of Welltower by 3.1% during the 2nd quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 122 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Down 0.7 %

NYSE:WELL opened at $127.64 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $131.31. The stock has a market cap of $76.32 billion, a P/E ratio of 157.58, a P/E/G ratio of 2.97 and a beta of 1.21. The stock has a 50-day simple moving average of $118.44 and a 200-day simple moving average of $105.28.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Monday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is currently 330.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. KeyCorp increased their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Morgan Stanley increased their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Wedbush boosted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.38.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.