Pictet Asset Management Ltd. Lowers Position in Welltower Inc (NYSE:WELL)

Pictet Asset Management Ltd. cut its holdings in Welltower Inc (NYSE:WELL) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,765 shares of the real estate investment trust’s stock after selling 3,400 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.07% of Welltower worth $21,586,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WELL. BlackRock Inc. raised its holdings in Welltower by 3.7% in the first quarter. BlackRock Inc. now owns 39,917,986 shares of the real estate investment trust’s stock worth $3,097,636,000 after purchasing an additional 1,414,802 shares in the last quarter. FMR LLC raised its holdings in Welltower by 4.1% in the first quarter. FMR LLC now owns 9,139,695 shares of the real estate investment trust’s stock worth $709,239,000 after purchasing an additional 363,724 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Welltower by 13.4% in the first quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock worth $676,620,000 after purchasing an additional 1,032,562 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Welltower by 0.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,231,821 shares of the real estate investment trust’s stock worth $589,611,000 after purchasing an additional 47,340 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Welltower by 9.4% in the second quarter. Northern Trust Corp now owns 6,977,088 shares of the real estate investment trust’s stock worth $568,842,000 after purchasing an additional 596,955 shares in the last quarter. 89.26% of the stock is owned by institutional investors.

WELL has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. BMO Capital Markets reiterated a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Stifel Nicolaus boosted their target price on shares of Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Raymond James downgraded shares of 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 shares of Welltower and gave the stock a “hold” rating in a report on Friday, June 14th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $80.39.

Shares of WELL traded down $1.49 during mid-day trading on Friday, hitting $85.96. 94,739 shares of the company traded hands, compared to its average volume of 1,752,200. Welltower Inc has a 1-year low of $60.93 and a 1-year high of $92.50. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $35.61 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 4.56 and a beta of 0.24. The business has a 50 day moving average of $87.57 and a 200 day moving average of $81.12.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.70). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Welltower had a net margin of 11.98% and a return on equity of 4.62%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. As a group, research analysts expect that Welltower Inc will post 4.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.48 dividend on an annualized basis and a yield of 4.05%. Welltower’s dividend payout ratio is currently 86.35%.

Welltower 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.

See Also: Momentum Indicators

Institutional Ownership by Quarter for Welltower (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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit