American Assets Capital Advisers LLC Has $1.10 Million Stock Position in Welltower Inc. (NYSE:WELL)

American Assets Capital Advisers LLC cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 11.7% in the third quarter, Holdings Channel reports. The institutional investor owned 8,612 shares of the real estate investment trust’s stock after selling 1,141 shares during the quarter. American Assets Capital Advisers LLC’s holdings in Welltower were worth $1,103,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

WELL has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Evercore ISI boosted their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft increased 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, Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Stock Performance

WELL stock traded down $1.33 during trading hours on Tuesday, hitting $136.30. 422,980 shares of the stock were exchanged, compared to its average volume of 2,671,159. Welltower Inc. has a 12 month low of $84.38 and a 12 month high of $140.19. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $84.87 billion, a P/E ratio of 90.57, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a 50-day simple moving average of $129.28 and a two-hundred day simple moving average of $114.53.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.95 billion. During the same quarter last year, the firm earned $0.92 EPS. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.97%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

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.