Nisa Investment Advisors LLC Trims Stake in Welltower Inc. (NYSE:WELL)

Nisa Investment Advisors LLC lessened its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 297,783 shares of the real estate investment trust's stock after selling 12,326 shares during the period. Nisa Investment Advisors LLC's holdings in Welltower were worth $37,530,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WELL. Laurel Wealth Advisors LLC bought a new position in shares of Welltower in the 4th quarter valued at $25,000. Fortitude Family Office LLC grew its position in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 78 shares during the last quarter. Versant Capital Management Inc raised its stake 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 worth $38,000 after acquiring an additional 187 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Welltower in the third quarter worth about $50,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Welltower in the 3rd quarter valued at approximately $59,000. Institutional investors own 94.80% of the company's stock.

Welltower Price Performance

WELL traded down $2.50 during midday trading on Wednesday, hitting $131.17. The stock had a trading volume of 3,630,335 shares, compared to its average volume of 2,510,992. The company has a market cap of $81.68 billion, a P/E ratio of 86.30, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The business has a fifty day moving average of $130.23 and a 200 day moving average of $124.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The business's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.04%. Welltower's payout ratio is currently 176.32%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several research reports. 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. StockNews.com upgraded Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and increased their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Wells Fargo & Company restated an "equal weight" rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.63.

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.