Welltower Inc. (NYSE:WELL) Shares Sold by Banco Santander S.A.

Banco Santander S.A. lowered its holdings in Welltower Inc. (NYSE:WELL) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,286 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Banco Santander S.A.’s holdings in Welltower were worth $1,445,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WELL. First Foundation Advisors acquired a new stake in Welltower during the 2nd quarter worth about $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new position in shares of Welltower during the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC acquired a new stake in Welltower in the 2nd quarter valued at $31,000. Finally, Fortitude Family Office LLC increased its holdings in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI increased their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Wedbush increased their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Scotiabank increased their price objective on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. Five research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.68.

Welltower Price Performance

Welltower stock opened at $137.91 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $131.10 and a 200 day moving average price of $116.84. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The stock has a market cap of $85.88 billion, a P/E ratio of 90.73, a PEG ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current 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 issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is presently 176.32%.

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.