Garland Capital Management Inc. Decreases Stock Holdings in Welltower Inc. (NYSE:WELL)

Garland Capital Management Inc. lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 13.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,213 shares of the real estate investment trust’s stock after selling 6,875 shares during the quarter. Welltower makes up 4.4% of Garland Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Garland Capital Management Inc.’s holdings in Welltower were worth $5,661,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Wedbush upped their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Stock Down 0.6 %

Shares of NYSE:WELL traded down $0.80 during trading hours on Tuesday, hitting $133.51. The company’s stock had a trading volume of 299,404 shares, compared to its average volume of 2,674,195. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm’s fifty day moving average price is $127.71 and its 200 day moving average price is $113.00. Welltower Inc. has a 52 week low of $84.38 and a 52 week high of $139.80. The company has a market capitalization of $83.14 billion, a price-to-earnings ratio of 88.36, a P/E/G ratio of 2.91 and a beta of 1.20.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion for 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 firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, research analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.01%. Welltower’s dividend payout ratio 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.