Steward Partners Investment Advisory LLC Sells 383 Shares of Welltower Inc. (NYSE:WELL)

Steward Partners Investment Advisory LLC trimmed its holdings in shares of Welltower Inc. (NYSE:WELLFree Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,711 shares of the real estate investment trust’s stock after selling 383 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Welltower were worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Welltower by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock worth $6,615,662,000 after acquiring an additional 2,156,673 shares in the last quarter. Norges Bank bought a new position in Welltower during the 4th quarter worth about $2,453,039,000. Principal Financial Group Inc. boosted its holdings in shares of Welltower by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 13,012,500 shares of the real estate investment trust’s stock valued at $1,173,337,000 after buying an additional 87,106 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Welltower by 22.9% in the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock valued at $695,223,000 after buying an additional 1,581,084 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Welltower by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,986,481 shares of the real estate investment trust’s stock valued at $720,141,000 after buying an additional 99,314 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

WELL opened at $104.03 on Tuesday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $62.20 billion, a PE ratio of 128.43, a P/E/G ratio of 2.46 and a beta of 1.16. The firm has a 50 day moving average of $95.67 and a two-hundred day moving average of $92.09. Welltower Inc. has a 12-month low of $75.41 and a 12-month high of $104.40.

Welltower (NYSE:WELLGet Free Report) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. Welltower’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. On average, analysts anticipate that Welltower Inc. will post 4.11 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WELL shares. Scotiabank raised their price target on shares of Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, Mizuho increased their price objective on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Check Out Our Latest Stock Report on Welltower

Welltower Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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