Welltower Inc. $WELL Stock Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab cut its stake in shares of Welltower Inc. (NYSE:WELL) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 122,747 shares of the real estate investment trust’s stock after selling 3,680 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Welltower were worth $28,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RHL Group LLC boosted its stake in Welltower by 146.7% in the 3rd quarter. RHL Group LLC now owns 111 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 66 shares in the last quarter. Kilter Group LLC bought a new stake in Welltower during the 2nd quarter valued at about $29,000. Solstein Capital LLC purchased a new position in Welltower in the second quarter worth about $34,000. Frazier Financial Advisors LLC lifted its stake in shares of Welltower by 472.7% in the first quarter. Frazier Financial Advisors LLC now owns 189 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 156 shares in the last quarter. Finally, Summit Securities Group LLC grew its holdings in shares of Welltower by 42.6% during the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 49 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WELL shares. Raymond James Financial reissued an “outperform” rating and set a $263.00 price target on shares of Welltower in a research report on Thursday, October 29th. Freedom Broker raised Welltower from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a report on Wednesday, October 28th. KeyCorp boosted their price target on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Citigroup increased their price objective on Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Morgan Stanley lifted their price objective on Welltower from $215.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average price target of $263.10.

Insider Buying and Selling at Welltower

In related news, Director Andrew Gundlach acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the purchase, the director owned 30,000 shares in the company, valued at $7,261,800. The trade was a 20.00% increase in their position. The transaction was disclosed in a 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 currently owned by insiders.

Welltower Stock Performance

Shares of WELL traded down $0.31 during trading hours on Friday, hitting $244.62. The stock had a trading volume of 1,918,552 shares, compared to its average volume of 2,998,276. 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 12 month low of $181.47 and a 12 month high of $255.20. The firm has a market capitalization of $179.45 billion, a PE ratio of 105.89, a PEG ratio of 1.17 and a beta of 0.79. The stock has a fifty day moving average price of $234.56 and a 200 day moving average price of $221.17.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.03. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the business earned $1.34 EPS. The business’s quarterly revenue was up 38.4% on a year-over-year basis. Analysts anticipate that Welltower Inc. will post 6.50 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 10th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. Welltower’s dividend payout ratio (DPR) is 147.19%.

About Welltower

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.