Cadence Capital Management LLC decreased its holdings in Welltower Inc (NYSE:WELL) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,358 shares of the real estate investment trust’s stock after selling 1,018 shares during the quarter. Cadence Capital Management LLC’s holdings in Welltower were worth $416,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in WELL. Vanguard Group Inc bought a new position in Welltower during the third quarter valued at about $3,075,144,000. BlackRock Inc. boosted its stake in Welltower by 0.6% during the fourth quarter. BlackRock Inc. now owns 38,503,184 shares of the real estate investment trust’s stock valued at $2,672,505,000 after buying an additional 232,543 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Welltower by 9.6% during the fourth quarter. Cohen & Steers Inc. now owns 24,865,579 shares of the real estate investment trust’s stock valued at $1,725,920,000 after buying an additional 2,173,416 shares in the last quarter. FMR LLC boosted its stake in Welltower by 19.2% during the fourth quarter. FMR LLC now owns 8,775,971 shares of the real estate investment trust’s stock valued at $609,140,000 after buying an additional 1,416,074 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Welltower by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 7,686,756 shares of the real estate investment trust’s stock valued at $533,538,000 after buying an additional 162,623 shares in the last quarter. 84.94% of the stock is owned by institutional investors.

Several research analysts recently weighed in on the company. BMO Capital Markets raised Welltower from a “market perform” rating to an “outperform” rating and raised their target price for the company from $73.00 to $86.00 in a research note on Tuesday, May 7th. Deutsche Bank raised their target price on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Morgan Stanley raised their target price on Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Raymond James upped their target price on Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada upped their target price on Welltower to $76.00 and gave the company a “sector perform” rating in a report on Thursday, February 21st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $73.29.

Shares of NYSE WELL opened at $79.23 on Tuesday. Welltower Inc has a 12 month low of $53.76 and a 12 month high of $80.40. The firm has a market cap of $32.41 billion, a PE ratio of 19.66, a P/E/G ratio of 3.37 and a beta of 0.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.84 and a quick ratio of 1.84.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business posted $0.99 earnings per share. Welltower’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Welltower Inc will post 4.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.39%. The ex-dividend date is Monday, May 13th. Welltower’s dividend payout ratio is currently 86.35%.

In related news, EVP Mercedes Kerr sold 5,000 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $74.50, for a total value of $372,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas J. Derosa sold 19,307 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

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Welltower Profile

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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