Proquility Private Wealth Partners LLC Cuts Stake in Welltower Inc. (NYSE:WELL)

Proquility Private Wealth Partners LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 16,585 shares of the real estate investment trust’s stock after selling 158 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in Welltower were worth $2,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WELL. Fortitude Family Office LLC increased its holdings in shares of Welltower by 37.0% in the third 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 last quarter. Old North State Wealth Management LLC grew its holdings in Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after buying an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after acquiring an additional 82 shares during the last quarter. Graypoint LLC raised its holdings in shares of Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 84 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted 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 valued at $470,000 after acquiring an additional 94 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Up 3.3 %

NYSE WELL opened at $133.61 on Wednesday. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company’s 50-day moving average price is $130.27 and its 200-day moving average price is $124.72. The stock has a market cap of $83.19 billion, a PE ratio of 87.90, a PEG ratio of 2.61 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

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

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.01%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WELL shares. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company reaffirmed 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. Scotiabank boosted their price objective on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, Mizuho upped their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.63.

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.