United Services Automobile Association lessened its position in shares of Welltower Inc (NYSE:WELL) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 534,220 shares of the real estate investment trust’s stock after selling 27,189 shares during the period. United Services Automobile Association’s holdings in Welltower were worth $34,361,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Conning Inc. bought a new position in Welltower during the 3rd quarter worth about $478,000. Factory Mutual Insurance Co. boosted its stake in shares of Welltower by 2.3% during the 3rd quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock worth $35,987,000 after buying an additional 12,500 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Welltower during the 3rd quarter worth about $692,000. Shufro Rose & Co. LLC acquired a new position in shares of Welltower during the 3rd quarter worth about $11,539,000. Finally, We Are One Seven LLC acquired a new position in shares of Welltower during the 3rd quarter worth about $850,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.
A number of equities analysts have recently commented on WELL shares. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. TheStreet downgraded shares of Welltower from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. SunTrust Banks increased their price objective on shares of Welltower to $72.00 and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Goldman Sachs Group started coverage on shares of Welltower in a research note on Monday, August 6th. They set a “neutral” rating and a $59.00 price objective for the company. Finally, MED increased their price objective on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Welltower presently has a consensus rating of “Hold” and an average target price of $64.21.
Welltower (NYSE:WELL) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that Welltower Inc will post 4.05 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 12th were paid a $0.87 dividend. The ex-dividend date was Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 4.81%. Welltower’s dividend payout ratio (DPR) is currently 82.66%.
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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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