Moody National Bank Trust Division Decreases Holdings in Welltower Inc. (NYSE:WELL)

Moody National Bank Trust Division lowered its holdings in Welltower Inc. (NYSE:WELLGet Rating) by 55.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,018 shares of the real estate investment trust’s stock after selling 9,825 shares during the quarter. Moody National Bank Trust Division’s holdings in Welltower were worth $661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in Welltower during the first quarter worth approximately $51,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Welltower by 28.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,823 shares of the real estate investment trust’s stock worth $7,194,000 after acquiring an additional 16,436 shares in the last quarter. M Holdings Securities Inc. purchased a new stake in Welltower in the first quarter valued at $1,795,000. Advisory Services Network LLC boosted its stake in Welltower by 10.1% in the first quarter. Advisory Services Network LLC now owns 3,570 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 327 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Welltower by 4.5% during the first quarter. Neuberger Berman Group LLC now owns 1,321,492 shares of the real estate investment trust’s stock worth $127,058,000 after purchasing an additional 57,090 shares during the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $72.82 on Friday. The stock has a market capitalization of $33.06 billion, a price-to-earnings ratio of 81.82, a PEG ratio of 3.70 and a beta of 0.98. The business’s 50 day moving average is $79.99 and its two-hundred day moving average is $85.99. Welltower Inc. has a 12-month low of $70.56 and a 12-month high of $99.43. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.77.

Welltower (NYSE:WELLGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.65). Welltower had a return on equity of 2.09% and a net margin of 7.20%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company earned $0.79 EPS. The company’s revenue was up 29.1% on a year-over-year basis. Research analysts expect that Welltower Inc. will post 3.43 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $2.44 annualized dividend and a yield of 3.35%. Welltower’s payout ratio is currently 274.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WELL shares. JPMorgan Chase & Co. raised Welltower from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $94.00 to $89.00 in a report on Wednesday, June 22nd. Evercore ISI set a $99.00 price objective on Welltower in a report on Monday, June 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Welltower from $100.00 to $93.00 and set a “buy” rating on the stock in a report on Friday. KeyCorp decreased their price target on shares of Welltower from $98.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, Capital One Financial assumed coverage on shares of Welltower in a research report on Friday, June 3rd. They set an “overweight” rating and a $95.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $94.79.

About Welltower

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Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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