Nicola Wealth Management LTD. Has $2.53 Million Stock Position in Welltower Inc. (NYSE:WELL)

Nicola Wealth Management LTD. cut its stake in Welltower Inc. (NYSE:WELL) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,795 shares of the real estate investment trust’s stock after selling 4,200 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Welltower were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Welltower by 3.8% during the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after buying an additional 3,257,213 shares during the period. Capital International Investors boosted its position in Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after acquiring an additional 6,104,064 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Welltower by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock worth $814,678,000 after purchasing an additional 62,942 shares in the last quarter. Centersquare Investment Management LLC boosted its position in shares of Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after purchasing an additional 849,898 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Welltower by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,026,158 shares of the real estate investment trust’s stock worth $419,727,000 after purchasing an additional 139,430 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Evercore ISI increased their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada upped their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Trading Down 0.7 %

NYSE:WELL traded down $0.90 on Thursday, reaching $134.05. The company’s stock had a trading volume of 393,901 shares, compared to its average volume of 2,673,076. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market cap of $83.47 billion, a price-to-earnings ratio of 88.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20. The stock has a 50 day moving average price of $129.77 and a 200 day moving average price of $114.97.

Welltower (NYSE:WELL) last issued 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). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is presently 176.32%.

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.