Red Cedar Investment Management LLC Sells 8,730 Shares of Welltower Inc. (NYSE:WELL)

Red Cedar Investment Management LLC decreased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 38.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,256 shares of the real estate investment trust's stock after selling 8,730 shares during the period. Red Cedar Investment Management LLC's holdings in Welltower were worth $1,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock worth $886,022,000 after buying an additional 5,982,711 shares during the last quarter. FMR LLC lifted its holdings in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock valued at $1,847,289,000 after buying an additional 3,977,845 shares during the period. Wellington Management Group LLP lifted its stake in Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. Barclays PLC grew its holdings in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after acquiring an additional 380,888 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust's stock valued at $185,649,000 after acquiring an additional 324,520 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WELL shares. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Raymond James increased their target price on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and upped their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Finally, Scotiabank lifted their target price on shares of Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.19.

Welltower Price Performance

Welltower stock traded down $1.09 on Wednesday, reaching $149.71. The company's stock had a trading volume of 2,345,178 shares, compared to its average volume of 2,597,846. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $152.81. The company has a market cap of $96.01 billion, a price-to-earnings ratio of 95.97, a PEG ratio of 2.94 and a beta of 1.23. 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 business's fifty day moving average price is $132.58 and its 200 day moving average price is $129.60.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities analysts expect that Welltower Inc. will post 4.87 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.79%. Welltower's dividend payout ratio is currently 171.79%.

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.