Welltower Inc. (NYSE:WELL) Stock Holdings Trimmed by Carret Asset Management LLC

Carret Asset Management LLC trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,167 shares of the real estate investment trust's stock after selling 2,184 shares during the quarter. Carret Asset Management LLC's holdings in Welltower were worth $5,566,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WELL. Roxbury Financial LLC acquired a new stake in shares of Welltower in the fourth quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower in the fourth quarter valued at about $25,000. Sierra Ocean LLC acquired a new stake in shares of Welltower in the fourth quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of Welltower by 165.5% in the fourth 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 in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Welltower in the third quarter valued at about $50,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WELL shares. Wells Fargo & Company increased their target price on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Scotiabank raised their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Bank of America raised their price objective on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and raised their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $152.42.

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Welltower Stock Performance

Shares of WELL traded down $1.34 during mid-day trading on Tuesday, hitting $149.92. The stock had a trading volume of 2,837,985 shares, compared to its average volume of 2,569,081. The company has a market cap of $96.14 billion, a PE ratio of 96.10, a PEG ratio of 2.87 and a beta of 1.20. The company's fifty day simple moving average is $141.68 and its two-hundred day simple moving average is $134.04. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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%. On average, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is 171.79%.

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.