Welltower Inc. (NYSE:WELL) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in Welltower Inc. (NYSE:WELL) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 119,713 shares of the real estate investment trust’s stock after selling 421 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Welltower were worth $15,327,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WELL. Meeder Asset Management Inc. acquired a new position in Welltower in the second quarter valued at about $30,000. Fortitude Family Office LLC raised its stake in shares of Welltower by 37.0% in the 3rd 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 period. Versant Capital Management Inc lifted its holdings in shares of Welltower by 165.5% in the 4th 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 during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Welltower in the 3rd quarter worth approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Welltower during the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 1.2 %

Welltower stock opened at $124.92 on Friday. The stock has a market cap of $77.79 billion, a PE ratio of 82.18, a P/E/G ratio of 2.90 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The stock’s fifty day moving average is $131.25 and its two-hundred day moving average is $123.59. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75.

Welltower (NYSE:WELL) last posted its 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). The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, sell-side analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Analysts Set New Price Targets

WELL has been the topic of a number of research reports. Evercore ISI upped their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Scotiabank boosted their price target on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Mizuho raised 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Raymond James raised their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.