Welltower Inc. (NYSE:WELL) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its position in shares of Welltower Inc. (NYSE:WELL) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,286 shares of the real estate investment trust’s stock after selling 200 shares during the period. Banco Santander S.A.’s holdings in Welltower were worth $1,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WELL. Fortitude Family Office LLC boosted its position in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the period. Old North State Wealth Management LLC raised its position in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 82 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Welltower by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after buying an additional 94 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of Welltower by 14.1% during the third quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 96 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of NYSE WELL opened at $137.91 on Friday. The stock has a market cap of $85.88 billion, a P/E ratio of 90.73, a P/E/G ratio of 3.10 and a beta of 1.20. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19. The stock has a 50 day moving average of $131.10 and a two-hundred day moving average of $116.84. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. On average, research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wedbush raised their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $116.68.

Welltower Company 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.