Integrated Wealth Concepts LLC Sells 646 Shares of Welltower Inc. (NYSE:WELL)

Integrated Wealth Concepts LLC reduced its stake in shares of Welltower Inc. (NYSE:WELL) by 9.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,956 shares of the real estate investment trust’s stock after selling 646 shares during the period. Integrated Wealth Concepts LLC’s holdings in Welltower were worth $763,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. First Foundation Advisors bought a new stake in Welltower during the second quarter worth about $26,000. TruNorth Capital Management LLC purchased a new stake in Welltower in the second quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new stake in Welltower in the second quarter worth approximately $30,000. Centerpoint Advisors LLC bought a new position in Welltower during the second quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC raised its stake in shares of 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 acquiring an additional 78 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on WELL shares. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Scotiabank raised their price target on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Mizuho lifted 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. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $120.77.

Welltower Stock Performance

Shares of WELL opened at $129.45 on Tuesday. The company has a 50-day simple moving average of $132.77 and a two-hundred day simple moving average of $119.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market capitalization of $80.61 billion, a PE ratio of 85.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. On average, analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Welltower 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.