Pendal Group Ltd decreased its stake in shares of Welltower Inc (NYSE:WELL) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,784 shares of the real estate investment trust’s stock after selling 6,600 shares during the quarter. Pendal Group Ltd’s holdings in Welltower were worth $5,885,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in shares of Welltower in the 3rd quarter worth $3,075,144,000. Vanguard Group Inc bought a new position in Welltower during the 3rd quarter valued at $3,075,144,000. BlackRock Inc. bought a new position in Welltower during the 3rd quarter valued at $2,461,568,000. Cohen & Steers Inc. bought a new position in Welltower during the 3rd quarter valued at $1,459,560,000. Finally, FMR LLC bought a new position in Welltower during the 3rd quarter valued at $473,389,000. 88.36% of the stock is owned by institutional investors.
In other news, EVP Mercedes Kerr sold 4,342 shares of the firm’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.
Shares of Welltower stock opened at $76.18 on Thursday. Welltower Inc has a 1 year low of $49.58 and a 1 year high of $77.01. The firm has a market cap of $28.77 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 3.56 and a beta of 0.31. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93.
Welltower (NYSE:WELL) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.85). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities analysts expect that Welltower Inc will post 4.05 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Welltower Inc (WELL) Stake Lowered by Pendal Group Ltd” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/4115899/welltower-inc-well-stake-lowered-by-pendal-group-ltd.html.
Welltower Company Profile
Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
Recommended Story: What is the Difference Between Common Shares and Convertible Shares?
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.