Quantbot Technologies LP Has $4.55 Million Holdings in Welltower Inc. (NYSE:WELL)

Quantbot Technologies LP cut its holdings in Welltower Inc. (NYSE:WELL) by 43.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,676 shares of the real estate investment trust’s stock after selling 33,250 shares during the period. Quantbot Technologies LP’s holdings in Welltower were worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Welltower by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after buying an additional 62,942 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Welltower in the second quarter valued at approximately $1,515,000. Envestnet Asset Management Inc. increased its holdings in shares of Welltower by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 506,104 shares of the real estate investment trust’s stock valued at $52,761,000 after acquiring an additional 23,704 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Welltower by 6.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,573 shares of the real estate investment trust’s stock worth $4,021,000 after buying an additional 2,223 shares during the last quarter. Finally, Wealthspire Advisors LLC acquired a new position in Welltower during the 2nd quarter valued at about $228,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WELL. Morgan Stanley upped their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. KeyCorp upped their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Wedbush lifted their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI increased their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday. Finally, 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 report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

Welltower Price Performance

WELL opened at $129.15 on Tuesday. 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 stock has a market capitalization of $78.67 billion, a P/E ratio of 159.44, a PEG ratio of 2.97 and a beta of 1.21. The stock has a 50-day moving average price of $115.79 and a 200-day moving average price of $103.81. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $131.31.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. Equities analysts predict 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. Stockholders of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. This is an increase from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Welltower 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.