Border to Coast Pensions Partnership Ltd Sells 10,000 Shares of Welltower Inc. (NYSE:WELL)

Border to Coast Pensions Partnership Ltd trimmed its position in shares of Welltower Inc. (NYSE:WELL) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,000 shares of the real estate investment trust’s stock after selling 10,000 shares during the quarter. Welltower accounts for 1.0% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 28th largest holding. Border to Coast Pensions Partnership Ltd owned 0.07% of Welltower worth $52,268,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its position in Welltower by 18.7% in the 2nd quarter. Federated Hermes Inc. now owns 9,337 shares of the real estate investment trust’s stock valued at $973,000 after acquiring an additional 1,470 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Welltower by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 506,104 shares of the real estate investment trust’s stock worth $52,761,000 after purchasing an additional 23,704 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Welltower by 142.4% in the second quarter. Edgestream Partners L.P. now owns 6,155 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 3,616 shares in the last quarter. Wealth Alliance purchased a new position in shares of Welltower during the second quarter valued at approximately $217,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Welltower by 3.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 72,446 shares of the real estate investment trust’s stock worth $7,552,000 after buying an additional 2,602 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 1.7 %

Shares of NYSE WELL opened at $128.73 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a market cap of $80.16 billion, a P/E ratio of 84.69, a P/E/G ratio of 2.52 and a beta of 1.22. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The business has a 50-day simple moving average of $130.78 and a two-hundred day simple moving average of $124.08.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. Welltower’s payout ratio is currently 176.32%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Raymond James increased their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Scotiabank lifted their price target on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $127.63.

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.