Quantbot Technologies LP Has $7.19 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Quantbot Technologies LP decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 16.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 76,926 shares of the real estate investment trust’s stock after selling 15,487 shares during the period. Welltower makes up 0.4% of Quantbot Technologies LP’s holdings, making the stock its 29th largest position. Quantbot Technologies LP’s holdings in Welltower were worth $7,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WELL. Bruce G. Allen Investments LLC bought a new stake in Welltower in the fourth quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in shares of Welltower in the 1st quarter valued at $27,000. Manchester Capital Management LLC increased its position in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Welltower during the 4th quarter worth $35,000. Finally, Salem Investment Counselors Inc. lifted its holdings in Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 194 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday. Scotiabank lifted their target price on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. KeyCorp upped their price target on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Finally, BNP Paribas started coverage on shares of Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.75.

Insider Activity at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the sale, the director now directly owns 14,579 shares in the company, valued at $1,514,903.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

Welltower Price Performance

Shares of WELL traded down $0.45 during trading hours on Friday, hitting $104.20. 3,491,908 shares of the company were exchanged, compared to its average volume of 2,709,285. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower Inc. has a fifty-two week low of $77.90 and a fifty-two week high of $106.50. The company has a market cap of $62.30 billion, a price-to-earnings ratio of 128.80, a P/E/G ratio of 2.58 and a beta of 1.18. The firm’s fifty day moving average is $102.33 and its 200 day moving average is $94.93.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue was up 19.2% on a year-over-year basis. On average, equities analysts anticipate that Welltower Inc. will post 4.12 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s payout ratio is 301.23%.

About Welltower

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.