E. Ohman J or Asset Management AB Decreases Stake in Welltower Inc. (NYSE:WELL)

E. Ohman J or Asset Management AB reduced its position in shares of Welltower Inc. (NYSE:WELL) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,054 shares of the real estate investment trust’s stock after selling 350 shares during the period. E. Ohman J or Asset Management AB’s holdings in Welltower were worth $3,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors boosted its stake in Welltower by 26.4% during the first 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 buying an additional 6,104,064 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of Welltower during the 1st quarter worth about $309,917,000. Vanguard Group Inc. raised its stake in shares of Welltower by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after purchasing an additional 3,257,213 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new position in shares of Welltower in the 2nd quarter valued at approximately $254,977,000. Finally, Centersquare Investment Management LLC raised its stake 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 in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of NYSE WELL opened at $132.04 on Friday. Welltower Inc. has a twelve month low of $80.80 and a twelve month high of $132.54. The stock’s 50 day moving average price is $125.03 and its 200-day moving average price is $110.40. The company has a market capitalization of $78.95 billion, a PE ratio of 163.01, a PEG ratio of 2.87 and a beta of 1.21. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last posted its quarterly earnings results 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 net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. Welltower’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Welltower Inc. will post 4.19 EPS for the current 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 given a $0.67 dividend. The ex-dividend date was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a yield of 2.03%. Welltower’s payout ratio is 330.86%.

Wall Street Analyst Weigh In

WELL has been the topic of several recent research reports. Morgan Stanley lifted their price objective on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. KeyCorp upped their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Royal Bank of Canada boosted their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. 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 MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $115.38.

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.