Welltower Inc. (NYSE:WELL) Stake Cut by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in shares of Welltower Inc. (NYSE:WELL) by 8.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 382,262 shares of the real estate investment trust’s stock after selling 34,295 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Welltower were worth $48,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Connors Investor Services Inc. lifted its stake in Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after buying an additional 11,238 shares during the last quarter. Nordea Investment Management AB lifted its stake in Welltower by 88.1% in the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock valued at $104,072,000 after buying an additional 523,656 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in Welltower by 19.0% in the first 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 last quarter. Intech Investment Management LLC lifted its stake in Welltower by 147.9% in the first quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock valued at $2,083,000 after buying an additional 13,300 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in shares of Welltower during the second quarter valued at $674,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research analyst reports. Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. KeyCorp raised their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. One 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Trading Up 0.3 %

Shares of NYSE WELL opened at $130.57 on Tuesday. Welltower Inc. has a one year low of $80.80 and a one year high of $132.66. The firm has a market capitalization of $78.07 billion, a PE ratio of 161.20, a PEG ratio of 2.91 and a beta of 1.21. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $125.93 and a two-hundred day moving average price of $111.38.

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. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts predict that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

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.