Amalgamated Bank Sells 361 Shares of Welltower Inc. (NYSE:WELL)

Amalgamated Bank cut its position in shares of Welltower Inc. (NYSE:WELL) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,581 shares of the real estate investment trust’s stock after selling 361 shares during the quarter. Amalgamated Bank’s holdings in Welltower were worth $14,441,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC bought a new position in Welltower in the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new position in shares of Welltower in the 4th quarter worth about $26,000. Sierra Ocean LLC bought a new position in Welltower during the fourth quarter valued at about $28,000. Fortitude Family Office LLC increased its holdings in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the period. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WELL shares. Scotiabank increased their target price on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday, January 27th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho raised their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Raymond James upped their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Finally, Bank of America lifted their price objective on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Welltower Price Performance

WELL stock opened at $151.75 on Wednesday. The firm has a 50 day moving average of $134.72 and a 200-day moving average of $130.85. The firm has a market capitalization of $97.32 billion, a P/E ratio of 97.28, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $152.81. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

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 given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

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.