Welltower Inc. (NYSE:WELL) Shares Sold by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC reduced its position in Welltower Inc. (NYSE:WELL) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 984 shares of the real estate investment trust’s stock after selling 165 shares during the period. ICA Group Wealth Management LLC’s holdings in Welltower were worth $103,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Welltower by 3.8% in the first 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 buying an additional 3,257,213 shares during the last quarter. Capital International Investors increased its holdings in shares of Welltower by 26.4% in the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after acquiring an additional 6,104,064 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Welltower by 19.0% in 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 acquiring an additional 849,898 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Welltower by 12.4% during the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock worth $414,229,000 after purchasing an additional 489,533 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Welltower by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust’s stock worth $419,727,000 after purchasing an additional 139,430 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WELL. Scotiabank increased their target price on shares of Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 7th. Morgan Stanley lifted their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.71.

Welltower Stock Up 0.7 %

Welltower stock opened at $129.75 on Monday. Welltower Inc. has a 52 week low of $78.38 and a 52 week high of $129.87. The stock has a market cap of $79.04 billion, a price-to-earnings ratio of 160.19, a PEG ratio of 2.97 and a beta of 1.21. The company’s 50-day moving average price is $115.29 and its two-hundred day moving average price is $103.55. 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 issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. Welltower’s payout ratio is presently 330.86%.

About Welltower

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.