Welltower Inc. (NYSE:WELL) Holdings Trimmed by Wambolt & Associates LLC

Wambolt & Associates LLC lowered its holdings in Welltower Inc. (NYSE:WELL) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,665 shares of the real estate investment trust’s stock after selling 2,950 shares during the period. Wambolt & Associates LLC’s holdings in Welltower were worth $1,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Roxbury Financial LLC purchased a new position in Welltower during the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new position in Welltower in the 4th quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new stake in Welltower in the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in shares of Welltower during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WELL shares. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and boosted their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Evercore ISI boosted their price target on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Bank of America upped their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Scotiabank upped their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Finally, Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and increased their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Trading Up 2.5 %

Shares of NYSE WELL opened at $150.16 on Tuesday. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $143.98 and a two-hundred day moving average of $134.97. The company has a market cap of $96.30 billion, a PE ratio of 96.26, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its 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 return on equity of 3.15% and a net margin of 11.91%. As a group, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid 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 was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is currently 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.