Captrust Financial Advisors Sells 4,354 Shares of Welltower Inc. (NYSE:WELL)

Captrust Financial Advisors lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,170 shares of the real estate investment trust's stock after selling 4,354 shares during the period. Captrust Financial Advisors' holdings in Welltower were worth $10,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WELL. First Foundation Advisors bought a new position in shares of Welltower in the second quarter worth about $26,000. TruNorth Capital Management LLC bought a new position in Welltower in the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the second quarter valued at approximately $30,000. Fortitude Family Office LLC grew 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 buying an additional 78 shares during the last quarter. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower during the second quarter worth $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on WELL. Royal Bank of Canada upped their price objective on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Wolfe Research raised shares of Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Evercore ISI boosted their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Wedbush lifted their target price on Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Five equities research 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $117.50.

Welltower Stock Performance

Shares of Welltower stock traded down $4.07 during mid-day trading on Monday, hitting $134.11. 2,415,958 shares of the stock were exchanged, compared to its average volume of 2,689,866. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company has a 50-day simple moving average of $132.24 and a 200 day simple moving average of $118.48. The company has a market capitalization of $83.51 billion, a P/E ratio of 88.18, a P/E/G ratio of 3.10 and a beta of 1.20. 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 posted its quarterly 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 company had revenue of $2.06 billion during 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%. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. Sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower's dividend payout ratio is presently 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.