Knights of Columbus Asset Advisors LLC decreased its position in Welltower Inc. (NYSE:WELL – Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,567 shares of the real estate investment trust’s stock after selling 10,158 shares during the period. Welltower accounts for 1.3% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Welltower were worth $27,069,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Bank of America Corp DE purchased a new stake in shares of Welltower during the second quarter valued at approximately $4,425,089,000. Legal & General Group Plc bought a new stake in Welltower during the second quarter worth $1,599,351,000. BlackRock Inc. boosted its position in Welltower by 5.5% in the second quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock worth $17,714,830,000 after purchasing an additional 4,045,458 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Welltower in the second quarter worth $528,400,000. Finally, Amundi boosted its position in Welltower by 60.3% in the second quarter. Amundi now owns 5,339,664 shares of the real estate investment trust’s stock worth $1,211,944,000 after purchasing an additional 2,008,543 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on WELL. Jefferies Financial Group raised Welltower to a “strong-buy” rating in a research report on Friday, September 25th. Freedom Broker upgraded Welltower from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a research note on Wednesday, October 28th. Scotiabank boosted their price target on shares of Welltower from $244.00 to $251.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Cantor Fitzgerald cut their price target on shares of Welltower from $260.00 to $258.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Finally, KeyCorp increased their price target on shares of Welltower from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $262.14.
Read Our Latest Stock Analysis on WELL
Insiders Place Their Bets
In other Welltower news, Director Andrew Gundlach bought 5,000 shares of Welltower stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the completion of the purchase, the director directly owned 30,000 shares of the company’s stock, valued at approximately $7,261,800. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by corporate insiders.
Welltower Stock Performance
Shares of WELL opened at $247.42 on Wednesday. The firm has a market cap of $181.51 billion, a PE ratio of 107.11, a PEG ratio of 1.18 and a beta of 0.79. The stock’s fifty day moving average price is $234.24 and its two-hundred day moving average price is $220.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16. Welltower Inc. has a 1 year low of $181.47 and a 1 year high of $255.20.
Welltower (NYSE:WELL – Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. On average, equities research analysts forecast that Welltower Inc. will post 6.51 EPS for the current year.
Welltower Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is currently 147.19%.
Welltower Profile
Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.
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