Heitman Real Estate Securities LLC Sells 413,419 Shares of Welltower Inc. (NYSE:WELL)

Heitman Real Estate Securities LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 40.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 616,148 shares of the real estate investment trust’s stock after selling 413,419 shares during the period. Welltower accounts for 4.3% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 4th biggest position. Heitman Real Estate Securities LLC’s holdings in Welltower were worth $78,885,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Foundation Advisors purchased a new stake in Welltower during the second quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new stake in Welltower during the 2nd quarter worth $27,000. Meeder Asset Management Inc. purchased a new position in Welltower during the second quarter worth about $30,000. Centerpoint Advisors LLC acquired a new stake in Welltower in the second quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC grew its position in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 2.9 %

Shares of NYSE WELL opened at $134.11 on Tuesday. The company has a market cap of $83.51 billion, a P/E ratio of 88.23, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The business has a 50-day simple moving average of $132.24 and a two-hundred day simple moving average of $118.48.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned $0.92 EPS. The business’s revenue was up 23.7% on a year-over-year basis. Research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is presently 176.32%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Evercore ISI lifted 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. Wedbush raised their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

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.