UBS Group AG Reduces Position in Welltower Inc. (NYSE:WELL)

UBS Group AG lessened its stake in shares of Welltower Inc. (NYSE:WELLGet Rating) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 782,314 shares of the real estate investment trust’s stock after selling 149,132 shares during the period. UBS Group AG owned approximately 0.17% of Welltower worth $64,423,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Westpac Banking Corp boosted its holdings in shares of Welltower by 62.9% in the 2nd quarter. Westpac Banking Corp now owns 395,541 shares of the real estate investment trust’s stock valued at $32,573,000 after acquiring an additional 152,674 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Welltower by 16.9% in the 2nd quarter. Forsta AP Fonden now owns 110,800 shares of the real estate investment trust’s stock valued at $9,124,000 after acquiring an additional 16,000 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Welltower by 17.0% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 915 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 133 shares during the last quarter. Clarius Group LLC boosted its holdings in shares of Welltower by 8.3% in the 2nd quarter. Clarius Group LLC now owns 4,060 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 311 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Welltower by 7.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 87,929 shares of the real estate investment trust’s stock valued at $7,241,000 after acquiring an additional 5,755 shares during the last quarter. Hedge funds and other institutional investors own 97.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WELL. Raymond James downgraded shares of Welltower from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $81.00 to $70.00 in a report on Tuesday, November 1st. Evercore ISI decreased their target price on shares of Welltower to $72.00 in a research note on Tuesday, November 15th. KeyCorp decreased their target price on shares of Welltower from $95.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, October 10th. StockNews.com started coverage on shares of Welltower in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Credit Suisse Group decreased their target price on shares of Welltower from $100.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.69.

Welltower Price Performance

Welltower stock opened at $67.78 on Monday. Welltower Inc. has a 52-week low of $56.50 and a 52-week high of $99.43. The firm has a market capitalization of $32.03 billion, a price-to-earnings ratio of 147.35, a PEG ratio of 4.30 and a beta of 0.97. The company has a fifty day simple moving average of $64.33 and a 200-day simple moving average of $76.28. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.75.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, November 17th. Welltower’s payout ratio is 530.45%.

Welltower Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELLGet Rating).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.