Envestnet Asset Management Inc. Trims Stake in Welltower Inc. (NYSE:WELL)

Envestnet Asset Management Inc. lowered its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 458,454 shares of the real estate investment trust's stock after selling 39,017 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Welltower worth $57,779,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Welltower during the fourth quarter worth about $25,000. Roxbury Financial LLC acquired a new position in shares of Welltower in the 4th quarter valued at $26,000. Sierra Ocean LLC purchased a new stake in Welltower during the fourth quarter worth $28,000. Versant Capital Management Inc grew its position in Welltower by 165.5% during 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 during the period. Finally, First Command Advisory Services Inc. purchased a new position in Welltower in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on WELL. Scotiabank raised their target price on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and boosted their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Bank of America lifted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Mizuho upped their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $156.46.

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Welltower Price Performance

Shares of NYSE:WELL traded up $2.17 during midday trading on Tuesday, hitting $147.76. The company's stock had a trading volume of 380,970 shares, compared to its average volume of 2,857,580. The company has a market cap of $95.81 billion, a P/E ratio of 94.58, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The business's 50 day simple moving average is $148.01 and its 200 day simple moving average is $137.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL - Get Free Report) last announced 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 return on equity of 3.15% and a net margin of 11.91%. On average, analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.81%. Welltower's payout ratio is 171.79%.

Welltower Company 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.