Miller Howard Investments Inc. NY Has $567,000 Stake in Welltower Inc (WELL)

Miller Howard Investments Inc. NY trimmed its holdings in Welltower Inc (NYSE:WELL) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,818 shares of the real estate investment trust’s stock after selling 2,188 shares during the period. Miller Howard Investments Inc. NY’s holdings in Welltower were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. We Are One Seven LLC acquired a new stake in shares of Welltower in the third quarter valued at approximately $850,000. Principal Financial Group Inc. acquired a new stake in shares of Welltower in the first quarter valued at approximately $308,744,000. Factory Mutual Insurance Co. raised its position in shares of Welltower by 2.3% in the third quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock valued at $35,987,000 after buying an additional 12,500 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Welltower in the third quarter valued at approximately $692,000. Finally, Ballast Inc. acquired a new stake in shares of Welltower in the second quarter valued at approximately $228,000. Institutional investors own 84.91% of the company’s stock.

A number of research firms have recently weighed in on WELL. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus set a $66.00 price target on shares of Welltower and gave the company a “buy” rating in a research report on Monday, July 30th. BMO Capital Markets restated a “hold” rating and set a $58.00 price objective on shares of Welltower in a research report on Monday, July 30th. Stephens restated a “buy” rating and set a $64.00 price objective on shares of Welltower in a research report on Tuesday, July 31st. Finally, SunTrust Banks set a $64.00 price objective on shares of Welltower and gave the company a “hold” rating in a research report on Monday, July 30th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $63.00.

NYSE WELL opened at $69.49 on Wednesday. The firm has a market cap of $24.24 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.78 and a beta of 0.25. Welltower Inc has a fifty-two week low of $49.58 and a fifty-two week high of $69.85. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.85). The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.16 billion. Welltower had a return on equity of 4.95% and a net margin of 13.64%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. As a group, sell-side analysts predict that Welltower Inc will post 4.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, November 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.01%. Welltower’s payout ratio is presently 82.66%.

Welltower Company 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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