Welltower Inc. (NYSE:WELL) Shares Sold by Nordea Investment Management AB

Posted by on May 13th, 2023

Nordea Investment Management AB lowered its position in Welltower Inc. (NYSE:WELL – Get Rating) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,984 shares of the real estate investment trust’s stock after selling 772 shares during the period. Nordea Investment Management AB’s holdings in Welltower were worth $2,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in Welltower by 24.1% during the 4th quarter. Russell Investments Group Ltd. now owns 2,162,270 shares of the real estate investment trust’s stock valued at $141,804,000 after buying an additional 420,409 shares during the last quarter. Windle Wealth LLC acquired a new stake in Welltower during the 4th quarter valued at $4,771,000. Warwick Investment Management Inc. acquired a new stake in Welltower during the 4th quarter valued at $1,130,000. Arizona State Retirement System grew its holdings in Welltower by 2.3% during the 4th quarter. Arizona State Retirement System now owns 126,255 shares of the real estate investment trust’s stock valued at $8,276,000 after buying an additional 2,855 shares during the last quarter. Finally, Texas Permanent School Fund grew its holdings in Welltower by 2.4% during the 4th quarter. Texas Permanent School Fund now owns 67,136 shares of the real estate investment trust’s stock valued at $4,401,000 after buying an additional 1,572 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Welltower Trading Up 0.2 %

NYSE:WELL opened at $79.30 on Friday. The business’s 50-day moving average is $73.48 and its two-hundred day moving average is $70.91. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.04 and a quick ratio of 2.04. Welltower Inc. has a 12 month low of $56.50 and a 12 month high of $90.69. The firm has a market capitalization of $39.41 billion, a PE ratio of 344.78, a price-to-earnings-growth ratio of 3.14 and a beta of 1.05.

Welltower (NYSE:WELL – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.77). Welltower had a net margin of 1.74% and a return on equity of 0.51%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Research analysts predict that Welltower Inc. will post 3.45 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Tuesday, May 16th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Monday, May 15th. Welltower’s dividend payout ratio (DPR) is presently 1,060.87%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WELL. Evercore ISI upgraded Welltower from an “in-line” rating to an “outperform” rating and set a $81.00 target price on the stock in a report on Tuesday, April 11th. Credit Suisse Group increased their target price on Welltower from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, April 3rd. Barclays raised their price objective on Welltower from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. StockNews.com began coverage on Welltower in a report on Thursday, March 16th. They set a “sell” rating on the stock. Finally, Wells Fargo & Company began coverage on Welltower in a report on Wednesday, April 19th. They set an “overweight” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.82.

Welltower Company Profile

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Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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