Global X Japan Co. Ltd. Sells 311 Shares of Welltower Inc. (NYSE:WELL)

Global X Japan Co. Ltd. lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 21.9% during the 3rd quarter, Holdings Channel reports. The fund owned 1,111 shares of the real estate investment trust’s stock after selling 311 shares during the period. Global X Japan Co. Ltd.’s holdings in Welltower were worth $142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WELL. First Foundation Advisors acquired a new stake in shares of Welltower in the 2nd quarter worth $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower during the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new position in shares of Welltower during the 2nd quarter valued at about $30,000. Centerpoint Advisors LLC purchased a new position in shares of Welltower in the 2nd quarter valued at about $31,000. Finally, Manchester Capital Management LLC increased its stake in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.0 %

Shares of NYSE:WELL opened at $130.09 on Wednesday. The company has a 50 day moving average of $124.74 and a 200-day moving average of $110.25. The firm has a market cap of $77.78 billion, a P/E ratio of 160.60, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a twelve month low of $80.80 and a twelve month high of $132.54. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. The firm 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 prior year, the business earned $0.90 EPS. As a group, analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Morgan Stanley lifted their price target on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Royal Bank of Canada upped their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower 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.