Groupama Asset Managment Has $1.04 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Groupama Asset Managment reduced its stake in Welltower Inc. (NYSE:WELL) by 49.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,153 shares of the real estate investment trust’s stock after selling 8,134 shares during the period. Groupama Asset Managment’s holdings in Welltower were worth $1,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Old North State Wealth Management LLC lifted its holdings in shares of Welltower by 0.6% during the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after buying an additional 82 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Welltower by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 94 shares during the period. Finally, GHP Investment Advisors Inc. grew its stake in shares of Welltower by 14.1% in the third quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 96 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Down 1.5 %

Shares of NYSE WELL opened at $129.45 on Tuesday. The company has a market cap of $80.61 billion, a price-to-earnings ratio of 85.16, a PEG ratio of 2.95 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock has a 50-day moving average price of $132.77 and a two-hundred day moving average price of $119.80.

Welltower (NYSE:WELL) last released its quarterly earnings data 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 company 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 company earned $0.92 earnings per share. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.07%. Welltower’s dividend payout ratio is currently 176.32%.

Analysts Set New Price Targets

WELL has been the subject of several analyst reports. Evercore ISI lifted their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Mizuho boosted their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Scotiabank upped their target price on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.77.

About Welltower

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.