Impax Asset Management Group plc Sells 8,834 Shares of Welltower Inc. (NYSE:WELL)

Impax Asset Management Group plc lowered its stake in shares of Welltower Inc. (NYSE:WELL) by 24.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,541 shares of the real estate investment trust’s stock after selling 8,834 shares during the period. Impax Asset Management Group plc’s holdings in Welltower were worth $3,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WELL. Laurel Wealth Advisors LLC bought a new position in shares of Welltower in the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new position in shares of Welltower in the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new position in shares of Welltower in the 4th quarter worth approximately $28,000. Fortitude Family Office LLC lifted its stake in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.5 %

Shares of WELL opened at $150.74 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $152.81. The company has a 50 day simple moving average of $134.27 and a two-hundred day simple moving average of $130.61. The firm has a market cap of $96.67 billion, a P/E ratio of 96.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Mizuho raised their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Raymond James raised their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.19.

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.