Strs Ohio Cuts Stake in Welltower Inc (NYSE:WELL)

Strs Ohio lowered its position in Welltower Inc (NYSE:WELL) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 639,139 shares of the real estate investment trust’s stock after selling 16,521 shares during the quarter. Strs Ohio owned approximately 0.16% of Welltower worth $52,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. boosted its stake in shares of Welltower by 27.6% during the second quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 128 shares during the period. Gilman Hill Asset Management LLC boosted its stake in shares of Welltower by 3.9% during the first quarter. Gilman Hill Asset Management LLC now owns 3,824 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 144 shares during the period. Wealthstreet Investment Advisors LLC boosted its stake in shares of Welltower by 1.6% during the second quarter. Wealthstreet Investment Advisors LLC now owns 9,704 shares of the real estate investment trust’s stock valued at $791,000 after purchasing an additional 150 shares during the period. Asset Dedication LLC boosted its stake in shares of Welltower by 29.6% during the second quarter. Asset Dedication LLC now owns 709 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 162 shares during the period. Finally, Resources Investment Advisors Inc. boosted its stake in shares of Welltower by 20.9% during the first quarter. Resources Investment Advisors Inc. now owns 961 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 166 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Shares of Welltower stock traded up $0.53 during midday trading on Tuesday, reaching $85.37. 629,873 shares of the company’s stock traded hands, compared to its average volume of 1,758,677. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $34.32 billion, a P/E ratio of 21.18, a PEG ratio of 4.19 and a beta of 0.29. The company’s 50 day moving average is $83.79. Welltower Inc has a 12 month low of $60.93 and a 12 month high of $86.91.

Welltower (NYSE:WELL) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Welltower had a net margin of 11.98% and a return on equity of 4.62%. Welltower’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. Research analysts anticipate that Welltower Inc will post 4.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.48 dividend on an annualized basis and a yield of 4.08%. Welltower’s dividend payout ratio (DPR) is 86.35%.

WELL has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and set a $86.00 price objective on shares of Welltower in a research note on Monday. Stifel Nicolaus upped their target price on Welltower from $78.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Raymond James downgraded Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Finally, Scotiabank set a $80.00 target price on Welltower and gave the company a “hold” rating in a report on Friday, June 14th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.44.

In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

About Welltower

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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