Welltower Inc (WELL) Stake Lowered by Pendal Group Ltd

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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.

Several brokerages have weighed in on WELL. Morgan Stanley raised their price objective on Welltower from $67.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, December 17th. TheStreet cut Welltower from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. SunTrust Banks raised their price objective on Welltower to $72.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. raised their price objective on Welltower from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, December 5th. Finally, ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $65.71.

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.

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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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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