SVB Wealth LLC Has $442,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

SVB Wealth LLC decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,730 shares of the real estate investment trust’s stock after selling 433 shares during the period. SVB Wealth LLC’s holdings in Welltower were worth $442,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new stake in shares of Welltower during the 4th quarter worth approximately $8,857,000. Connors Investor Services Inc. grew its holdings in Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after purchasing an additional 11,238 shares during the period. Nordea Investment Management AB increased its stake in Welltower by 88.1% in the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock valued at $104,072,000 after purchasing an additional 523,656 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Welltower by 26.6% during the fourth quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock valued at $8,085,000 after purchasing an additional 18,807 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Welltower by 7.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock worth $91,955,000 after purchasing an additional 72,968 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

WELL stock traded up $2.11 during mid-day trading on Tuesday, hitting $113.76. The company had a trading volume of 1,237,367 shares, compared to its average volume of 2,661,247. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $68.02 billion, a PE ratio of 137.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $115.33. The stock’s fifty day moving average price is $104.42 and its two-hundred day moving average price is $96.50.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. Welltower’s revenue was up 9.6% on a year-over-year basis. On average, analysts forecast that Welltower Inc. will post 4.13 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be paid a dividend of $0.67 per share. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.36%. Welltower’s dividend payout ratio is presently 301.23%.

Analysts Set New Price Targets

A number of analysts recently commented on WELL shares. Evercore ISI boosted their target price on Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a research report on Tuesday, July 16th. Mizuho upped their price objective on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. KeyCorp lifted their price objective on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Morgan Stanley upped their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company raised their price objective on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average price target of $101.32.

Insider Buying and Selling at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

Welltower Profile

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.