Welltower Inc. (NYSE:WELL) Position Reduced by First Horizon Advisors Inc.

First Horizon Advisors Inc. reduced its position in Welltower Inc. (NYSE:WELL) by 35.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 616 shares of the real estate investment trust’s stock after selling 335 shares during the period. First Horizon Advisors Inc.’s holdings in Welltower were worth $79,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WELL. Bessemer Group Inc. boosted its position in Welltower by 22.8% during the first quarter. Bessemer Group Inc. now owns 4,113 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 764 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Welltower in the first quarter worth approximately $768,000. Lazard Asset Management LLC raised its position in shares of Welltower by 43.7% in the first quarter. Lazard Asset Management LLC now owns 8,523 shares of the real estate investment trust’s stock valued at $795,000 after purchasing an additional 2,591 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Welltower by 4.2% in the first quarter. Public Employees Retirement Association of Colorado now owns 79,190 shares of the real estate investment trust’s stock worth $7,400,000 after buying an additional 3,165 shares during the last quarter. Finally, Waverly Advisors LLC grew its stake in Welltower by 11.0% in the 1st quarter. Waverly Advisors LLC now owns 11,706 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $137.91 on Monday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.19. The firm has a fifty day simple moving average of $131.10 and a 200 day simple moving average of $117.11. The stock has a market capitalization of $85.88 billion, a price-to-earnings ratio of 90.73, a PEG ratio of 3.09 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Research analysts forecast 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. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WELL shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wedbush lifted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI increased their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada lifted their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

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.