Citigroup Inc. Has $40.59 Million Position in Welltower Inc. (NYSE:WELL)

Citigroup Inc. cut its holdings in Welltower Inc. (NYSE:WELL) by 72.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 317,038 shares of the real estate investment trust’s stock after selling 854,655 shares during the period. Citigroup Inc. owned approximately 0.05% of Welltower worth $40,590,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Burke & Herbert Bank & Trust Co. bought a new stake in Welltower during the second quarter worth about $674,000. Manning & Napier Advisors LLC bought a new stake in Welltower during the second quarter worth about $14,766,000. Van Hulzen Asset Management LLC bought a new stake in Welltower during the second quarter worth about $411,000. Atria Investments Inc lifted its position in Welltower by 19.4% during the first quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock worth $2,558,000 after purchasing an additional 4,444 shares during the period. Finally, American Century Companies Inc. lifted its position in Welltower by 10.1% during the second quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock worth $146,448,000 after purchasing an additional 129,270 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WELL has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price objective 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 increased their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Stock Performance

NYSE:WELL opened at $137.91 on Monday. The company has a fifty day moving average of $131.10 and a 200-day moving average of $117.11. The firm has a market capitalization of $85.88 billion, a P/E ratio of 90.73, a P/E/G ratio of 3.09 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19.

Welltower (NYSE:WELL) last announced its quarterly 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). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. Welltower’s dividend payout ratio (DPR) 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.