NBC Securities Inc. Decreases Stock Holdings in Welltower Inc. (NYSE:WELL)

NBC Securities Inc. cut its stake in Welltower Inc. (NYSE:WELL) by 9.7% in the third quarter, Holdings Channel.com reports. The firm owned 869 shares of the real estate investment trust’s stock after selling 93 shares during the quarter. NBC Securities Inc.’s holdings in Welltower were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital International Investors raised its holdings in shares of Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after acquiring an additional 6,104,064 shares during the period. Zimmer Partners LP purchased a new position in Welltower during the first quarter worth about $309,917,000. Vanguard Group Inc. boosted its holdings in Welltower by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new stake in shares of Welltower in the 2nd quarter valued at approximately $254,977,000. Finally, Centersquare Investment Management LLC raised its position in shares of Welltower by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after buying an additional 849,898 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WELL shares. Royal Bank of Canada raised their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Wedbush upped their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Evercore ISI upped their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Trading Up 1.1 %

WELL opened at $132.24 on Friday. The business has a fifty day moving average price of $124.22 and a 200 day moving average price of $109.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. Welltower Inc. has a 12 month low of $80.80 and a 12 month high of $132.27. The stock has a market capitalization of $79.07 billion, a price-to-earnings ratio of 163.26, a PEG ratio of 2.87 and a beta of 1.21.

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

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. This is a boost from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Monday, August 12th. Welltower’s payout ratio is 330.86%.

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.