Mizuho Securities USA LLC Reduces Stock Position in Welltower Inc. (NYSE:WELL)

Mizuho Securities USA LLC reduced its position in Welltower Inc. (NYSE:WELL) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,525 shares of the real estate investment trust’s stock after selling 8,580 shares during the period. Mizuho Securities USA LLC’s holdings in Welltower were worth $4,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Foundation Advisors purchased a new stake in shares of Welltower in the 2nd quarter worth about $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Welltower in the second quarter worth $30,000. Centerpoint Advisors LLC purchased a new stake in Welltower during the 2nd quarter worth about $31,000. Finally, Fortitude Family Office LLC lifted its holdings in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of NYSE:WELL opened at $137.96 on Friday. The business’s 50-day simple moving average is $130.94 and its 200 day simple moving average is $116.56. The company has a market cap of $85.91 billion, a P/E ratio of 90.76, a PEG ratio of 3.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a one year low of $85.40 and a one year high of $140.19.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Wedbush raised their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Company Profile

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.