Trust Co. of Toledo NA OH Sells 2,722 Shares of Welltower Inc. (NYSE:WELL)

Trust Co. of Toledo NA OH decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,558 shares of the real estate investment trust’s stock after selling 2,722 shares during the quarter. Welltower comprises about 1.3% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 13th biggest holding. Trust Co. of Toledo NA OH’s holdings in Welltower were worth $10,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WELL. Meeder Asset Management Inc. acquired a new stake in Welltower in the second quarter valued at $30,000. Fortitude Family Office LLC grew its stake in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Versant Capital Management Inc grew its stake in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Welltower in the 3rd quarter valued at about $50,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Welltower during the third quarter worth approximately $59,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.1 %

NYSE:WELL traded down $0.13 during mid-day trading on Monday, hitting $124.65. 346,216 shares of the company’s stock were exchanged, compared to its average volume of 2,089,903. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $77.62 billion, a P/E ratio of 82.01, a PEG ratio of 2.90 and a beta of 1.22. The company has a 50 day simple moving average of $131.25 and a 200-day simple moving average of $123.74.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.15%. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

WELL has been the topic of a number of recent research reports. Raymond James increased their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Scotiabank lifted their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Mizuho raised their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $127.63.

About Welltower

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.