Commerce Bank Reduces Stock Position in Welltower Inc. (NYSE:WELL)

Commerce Bank trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,331 shares of the real estate investment trust’s stock after selling 1,985 shares during the quarter. Commerce Bank’s holdings in Welltower were worth $2,731,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Foundation Advisors bought a new position in shares of Welltower in the second quarter worth $26,000. TruNorth Capital Management LLC bought a new position in Welltower in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower in the 2nd quarter valued at about $30,000. Centerpoint Advisors LLC bought a new stake in shares of Welltower during the 2nd quarter valued at about $31,000. Finally, Fortitude Family Office LLC raised its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.0 %

Shares of NYSE WELL opened at $137.91 on Friday. The company has a market cap of $85.88 billion, a price-to-earnings ratio of 90.73, a PEG 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. The firm’s fifty day moving average is $131.10 and its 200 day moving average is $116.98. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19.

Welltower (NYSE:WELL) last released its quarterly earnings data 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 business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, equities research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.94%. Welltower’s payout ratio is 176.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Scotiabank increased their price target on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wedbush increased their price objective on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.