Garland Capital Management Inc. Sells 6,875 Shares of Welltower Inc. (NYSE:WELL)

Garland Capital Management Inc. lessened its holdings in Welltower Inc. (NYSE:WELL) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,213 shares of the real estate investment trust’s stock after selling 6,875 shares during the quarter. Welltower accounts for approximately 4.4% of Garland Capital Management Inc.’s holdings, making the stock its 8th largest holding. Garland Capital Management Inc.’s holdings in Welltower were worth $5,661,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First Foundation Advisors purchased a new stake in Welltower in the second quarter valued at approximately $26,000. TruNorth Capital Management LLC purchased a new stake in Welltower during the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower during the second quarter valued at $30,000. Manchester Capital Management LLC raised its position in shares of Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares during the period. Finally, Centerpoint Advisors LLC acquired a new position in Welltower in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.6 %

Shares of NYSE WELL traded down $0.80 during midday trading on Tuesday, reaching $133.51. 299,404 shares of the stock were exchanged, compared to its average volume of 2,674,195. The stock has a market capitalization of $83.14 billion, a P/E ratio of 88.36, a PEG ratio of 2.91 and a beta of 1.20. Welltower Inc. has a twelve month low of $84.38 and a twelve month high of $139.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a 50 day simple moving average of $127.71 and a 200 day simple moving average of $113.00.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. As a group, equities analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Royal Bank of Canada raised their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wedbush raised their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.