Envestnet Portfolio Solutions Inc. cut its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,936 shares of the real estate investment trust's stock after selling 4,568 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Welltower were worth $2,134,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Mather Group LLC. boosted its stake in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after purchasing an additional 75 shares in the last quarter. Childress Capital Advisors LLC boosted its position in Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock valued at $271,000 after buying an additional 76 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after buying an additional 83 shares during the last quarter. Graypoint LLC increased its holdings in shares of Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock worth $432,000 after buying an additional 84 shares in the last quarter. Finally, Investment Advisory Group LLC increased its holdings in shares of Welltower by 1.8% during the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust's stock worth $616,000 after buying an additional 85 shares in the last quarter. Institutional investors own 94.80% of the company's stock.
Welltower Trading Down 1.0 %
Shares of NYSE:WELL traded down $1.50 during midday trading on Tuesday, reaching $148.34. The company's stock had a trading volume of 4,511,177 shares, compared to its average volume of 2,633,305. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a 50 day moving average price of $143.98 and a two-hundred day moving average price of $134.97. The firm has a market capitalization of $95.13 billion, a price-to-earnings ratio of 95.09, a PEG ratio of 2.87 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (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, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.81%. Welltower's dividend payout ratio is currently 171.79%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on WELL shares. Evercore ISI boosted their price objective on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Jefferies Financial Group upgraded shares of Welltower from a "hold" rating to a "buy" rating and upped their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.46.
Get Our Latest Research Report on WELL
Welltower Company Profile
(
Free Report)
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.
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