Welltower Inc. (NYSE:WELL) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its position in Welltower Inc. (NYSE:WELL) by 30.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,955 shares of the real estate investment trust’s stock after selling 1,761 shares during the quarter. Diversified Trust Co’s holdings in Welltower were worth $370,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Welltower by 8.3% during the third quarter. AQR Capital Management LLC now owns 105,286 shares of the real estate investment trust’s stock worth $8,625,000 after buying an additional 8,106 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Welltower by 16.3% during the third quarter. Glenmede Trust Co. NA now owns 5,174 shares of the real estate investment trust’s stock worth $424,000 after buying an additional 727 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Welltower by 8.8% during the third quarter. Evergreen Capital Management LLC now owns 2,707 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 219 shares during the period. Lido Advisors LLC increased its stake in shares of Welltower by 4.8% during the third quarter. Lido Advisors LLC now owns 10,603 shares of the real estate investment trust’s stock worth $869,000 after buying an additional 484 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in shares of Welltower by 5.5% during the third quarter. Royal London Asset Management Ltd. now owns 193,120 shares of the real estate investment trust’s stock worth $15,827,000 after buying an additional 10,050 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WELL has been the topic of a number of recent research reports. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Sunday, June 30th. Scotiabank upped their price target on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Wells Fargo & Company upped their price target on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Mizuho upped their price target on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, KeyCorp upped their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

Welltower Price Performance

WELL stock opened at $105.35 on Friday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The business has a 50 day simple moving average of $101.12 and a 200-day simple moving average of $94.32. Welltower Inc. has a twelve month low of $77.90 and a twelve month high of $106.23. The company has a market capitalization of $62.99 billion, a P/E ratio of 130.06, a PEG ratio of 2.61 and a beta of 1.18.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $0.85 earnings per share. Welltower’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, equities analysts anticipate that Welltower Inc. will post 4.12 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Insider Buying and Selling

In related news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now directly owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Welltower Company Profile

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.