Keybank National Association OH Sells 927 Shares of Welltower Inc. (NYSE:WELL)

Keybank National Association OH lowered its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,218 shares of the real estate investment trust’s stock after selling 927 shares during the quarter. Keybank National Association OH’s holdings in Welltower were worth $12,504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of Welltower in the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new stake in Welltower during the 4th quarter valued at about $26,000. Sierra Ocean LLC purchased a new stake in Welltower in the 4th quarter valued at about $28,000. 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 worth $38,000 after acquiring an additional 187 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Welltower during the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WELL. Evercore ISI upped their target price on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday. Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Scotiabank boosted their price target on shares of Welltower from $144.00 to $165.00 and gave the company a “sector outperform” rating in a report on Friday, February 28th. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Finally, Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $148.35.

Welltower Stock Performance

Shares of Welltower stock opened at $154.01 on Wednesday. The firm’s fifty day simple moving average is $137.53 and its 200-day simple moving average is $132.14. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The stock has a market capitalization of $98.77 billion, a price-to-earnings ratio of 98.73, a PEG ratio of 2.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Welltower Company Profile

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.