Welltower Inc. (NYSE:WELL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,585 shares of the real estate investment trust's stock after selling 10,227 shares during the period. Commonwealth Equity Services LLC's holdings in Welltower were worth $10,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WELL. Mather Group LLC. lifted its stake in shares of Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after buying an additional 75 shares during the period. Childress Capital Advisors LLC raised its stake in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock worth $271,000 after acquiring an additional 76 shares during the last quarter. Wealthspire Advisors LLC lifted its position in Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after acquiring an additional 83 shares during the period. Graypoint LLC grew its stake in Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after purchasing an additional 84 shares during the last quarter. Finally, Investment Advisory Group LLC increased its holdings in shares of Welltower by 1.8% in the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust's stock valued at $616,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Remove Ads

Welltower Price Performance

Shares of Welltower stock traded down $1.05 during trading on Friday, hitting $146.84. 12,751,964 shares of the company were exchanged, compared to its average volume of 2,622,941. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average price of $143.50 and a 200 day moving average price of $134.62. The stock has a market capitalization of $94.17 billion, a price-to-earnings ratio of 94.13, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is presently 171.79%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore ISI lifted their price objective on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Mizuho lifted their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Scotiabank lifted their target price on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $156.46.

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.