Oppenheimer & Co. Inc. Trims Stock Position in Welltower Inc. (NYSE:WELL)

Oppenheimer & Co. Inc. trimmed its stake in Welltower Inc. (NYSE:WELL) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,780 shares of the real estate investment trust’s stock after selling 302 shares during the period. Oppenheimer & Co. Inc.’s holdings in Welltower were worth $3,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after purchasing an additional 6,104,064 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of Welltower in the 1st quarter valued at about $309,917,000. Duff & Phelps Investment Management Co. purchased a new position in Welltower during the 2nd quarter worth approximately $254,977,000. Swedbank AB acquired a new position in Welltower during the first quarter worth approximately $66,905,000. Finally, Canada Pension Plan Investment Board lifted its stake in Welltower by 24.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,112,452 shares of the real estate investment trust’s stock valued at $220,223,000 after buying an additional 417,046 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Up 1.2 %

WELL opened at $136.02 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The stock has a market capitalization of $84.70 billion, a P/E ratio of 89.49, a P/E/G ratio of 3.03 and a beta of 1.20. The business has a 50 day simple moving average of $129.98 and a 200-day simple moving average of $115.10.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS 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 business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business posted $0.92 EPS. Welltower’s revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.97%. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI lifted their price objective 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. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upped their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Five equities research 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. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $116.68.

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.