Wedmont Private Capital Sells 184 Shares of Welltower Inc. (NYSE:WELL)

Wedmont Private Capital decreased its stake in Welltower Inc. (NYSE:WELL) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,688 shares of the real estate investment trust’s stock after selling 184 shares during the period. Wedmont Private Capital’s holdings in Welltower were worth $831,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GRS Advisors LLC purchased a new position in Welltower in the 4th quarter worth approximately $1,110,000. Public Employees Retirement System of Ohio raised its holdings in 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 valued at $91,955,000 after buying an additional 72,968 shares during the last quarter. D L Carlson Investment Group Inc. bought a new stake in Welltower during the 4th quarter valued at $3,316,000. Spouting Rock Asset Management LLC bought a new position in Welltower in the 4th quarter worth $271,000. Finally, V Square Quantitative Management LLC raised its holdings in Welltower by 105.6% in the 4th quarter. V Square Quantitative Management LLC now owns 14,147 shares of the real estate investment trust’s stock worth $1,276,000 after purchasing an additional 7,266 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL stock opened at $123.12 on Friday. The business has a 50 day moving average price of $122.23 and a 200 day moving average price of $107.80. The stock has a market cap of $73.62 billion, a price-to-earnings ratio of 152.00, a PEG ratio of 2.97 and a beta of 1.21. Welltower Inc. has a fifty-two week low of $80.80 and a fifty-two week high of $131.31. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Welltower’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.18%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio is currently 330.86%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WELL. Wedbush upped their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Morgan Stanley increased their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $115.38.

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.