Penserra Capital Management LLC Has $1.12 Million Stock Position in Welltower Inc. (NYSE:WELL)

Penserra Capital Management LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,754 shares of the real estate investment trust’s stock after selling 120 shares during the period. Penserra Capital Management LLC’s holdings in Welltower were worth $1,119,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WELL. Burke & Herbert Bank & Trust Co. bought a new position in shares of Welltower during the second quarter worth approximately $674,000. Manning & Napier Advisors LLC bought a new position in Welltower during the 2nd quarter worth $14,766,000. Van Hulzen Asset Management LLC acquired a new position in Welltower in the 2nd quarter valued at $411,000. Atria Investments Inc lifted its position in shares of Welltower by 19.4% during the 1st quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock valued at $2,558,000 after acquiring an additional 4,444 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Welltower by 10.1% during the 2nd 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 in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 2.4 %

NYSE WELL opened at $138.96 on Wednesday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19. The business’s fifty day moving average is $131.47 and its 200 day moving average is $117.65. 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 company has a market cap of $86.53 billion, a price-to-earnings ratio of 91.42, a price-to-earnings-growth ratio of 3.09 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. As a group, sell-side analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WELL. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Scotiabank raised their target price on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.50.

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.