Carret Asset Management LLC Has $5.93 Million Stake in Welltower Inc. (NYSE:WELL)

Carret Asset Management LLC reduced its stake in Welltower Inc. (NYSE:WELL) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,351 shares of the real estate investment trust’s stock after selling 3,570 shares during the period. Carret Asset Management LLC’s holdings in Welltower were worth $5,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WELL. Connors Investor Services Inc. lifted its holdings in shares of Welltower by 10.6% during the 1st quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after acquiring an additional 11,238 shares during the period. Nordea Investment Management AB increased its stake in shares of Welltower by 88.1% in the 1st quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock valued at $104,072,000 after purchasing an additional 523,656 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after purchasing an additional 849,898 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Welltower by 147.9% during the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock worth $2,083,000 after buying an additional 13,300 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in shares of Welltower during the 2nd quarter worth $674,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE:WELL opened at $130.20 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower Inc. has a fifty-two week low of $80.80 and a fifty-two week high of $132.66. The company has a 50 day simple moving average of $125.63 and a two-hundred day simple moving average of $110.95. The company has a market capitalization of $79.31 billion, a PE ratio of 126.41, a P/E/G ratio of 2.91 and a beta of 1.21.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. Research analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a dividend of $0.67 per share. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.06%. Welltower’s dividend payout ratio is presently 260.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WELL shares. KeyCorp increased their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley increased their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.38.

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.