Vontobel Holding Ltd. Sells 9,292 Shares of Welltower Inc. (NYSE:WELL)

Vontobel Holding Ltd. trimmed its holdings in Welltower Inc. (NYSE:WELL) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,981 shares of the real estate investment trust’s stock after selling 9,292 shares during the quarter. Vontobel Holding Ltd.’s holdings in Welltower were worth $2,613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WELL. Nordea Investment Management AB grew its stake in Welltower by 1,412.2% in the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock worth $54,062,000 after acquiring an additional 555,353 shares in the last quarter. Harbour Trust & Investment Management Co bought a new position in shares of Welltower during the 4th quarter worth $5,409,000. Koshinski Asset Management Inc. increased its stake in shares of Welltower by 55.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 1,458 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Welltower by 27.3% in the third quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock valued at $36,643,000 after acquiring an additional 96,046 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Welltower by 57.4% in the fourth quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock worth $15,158,000 after acquiring an additional 61,324 shares during the period. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. KeyCorp boosted their price target on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a research note on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective for the company. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Scotiabank reduced their price objective on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research note on Monday, March 4th. Finally, Mizuho upped their target price on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.57.

Welltower Stock Performance

Shares of WELL stock opened at $90.84 on Friday. The company has a market capitalization of $53.69 billion, a P/E ratio of 141.94, a P/E/G ratio of 2.25 and a beta of 1.08. Welltower Inc. has a 12-month low of $72.47 and a 12-month high of $94.63. The business’s 50 day moving average is $91.76 and its two-hundred day moving average is $88.92. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. Analysts expect that Welltower Inc. will post 4.03 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s payout ratio is 381.26%.

About Welltower

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.