Riverview Trust Co Has $193,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Riverview Trust Co lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,504 shares of the real estate investment trust’s stock after selling 78 shares during the period. Riverview Trust Co’s holdings in Welltower were worth $193,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Valeo Financial Advisors LLC lifted its position in shares of Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 94 shares during the last quarter. RDA Financial Network boosted its holdings in shares of Welltower by 0.6% in the 2nd quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after acquiring an additional 104 shares in the last quarter. Simplicity Wealth LLC boosted its holdings in shares of Welltower by 0.9% in the 2nd quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock worth $1,267,000 after acquiring an additional 113 shares in the last quarter. Graypoint LLC boosted its holdings in shares of Welltower by 4.8% in the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 122 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of Welltower by 3.1% in the 2nd quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WELL. Royal Bank of Canada upped their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Finally, Morgan Stanley upped their price objective on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Welltower Trading Up 1.1 %

Shares of NYSE:WELL opened at $132.24 on Friday. Welltower Inc. has a 52-week low of $80.80 and a 52-week high of $132.27. The company has a market capitalization of $79.07 billion, a P/E ratio of 163.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. The company has a 50-day simple moving average of $124.22 and a 200 day simple moving average of $109.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is presently 330.86%.

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.