Brookstone Capital Management Has $631,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Brookstone Capital Management lowered its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,007 shares of the real estate investment trust's stock after selling 3,495 shares during the quarter. Brookstone Capital Management's holdings in Welltower were worth $631,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WELL. Fortitude Family Office LLC boosted its position in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 78 shares during the last quarter. Old North State Wealth Management LLC lifted its stake in shares of Welltower by 0.6% during the third 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 acquiring an additional 78 shares during the period. Frank Rimerman Advisors LLC boosted its holdings in Welltower by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock valued at $1,231,000 after acquiring an additional 82 shares during the last quarter. Graypoint LLC increased its position in Welltower by 2.5% in the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 84 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in 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 purchasing an additional 94 shares during the period. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank lifted their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and increased their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho boosted their price target on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Raymond James raised their price objective on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five investment 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 company. According to MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and an average target price of $127.63.

Welltower Stock Up 0.6 %

NYSE:WELL opened at $129.47 on Friday. The stock has a 50-day simple moving average of $130.61 and a 200 day simple moving average of $124.11. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The company has a market cap of $80.62 billion, a PE ratio of 85.18, a PEG ratio of 2.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower's revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. On average, sell-side analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.07%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

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.