Welltower Inc. (NYSE:WELL) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC decreased its position in Welltower Inc. (NYSE:WELL - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,962 shares of the real estate investment trust's stock after selling 3,339 shares during the period. Beacon Pointe Advisors LLC's holdings in Welltower were worth $1,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower in the 4th quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new stake in Welltower during the 4th quarter worth approximately $26,000. Sierra Ocean LLC purchased a new position in Welltower in the fourth quarter valued at $28,000. Versant Capital Management Inc increased its holdings in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in Welltower in the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WELL shares. StockNews.com downgraded Welltower from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Scotiabank boosted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Bank of America lifted their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of Welltower in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $157.46.

Welltower Trading Up 0.2 %

Welltower stock traded up $0.26 during trading on Monday, reaching $150.98. The company had a trading volume of 2,250,027 shares, compared to its average volume of 2,877,908. Welltower Inc. has a 12-month low of $95.86 and a 12-month high of $158.55. The stock's 50 day moving average price is $148.06 and its two-hundred day moving average price is $139.20. The firm has a market capitalization of $98.73 billion, a price-to-earnings ratio of 96.78, a PEG ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The business's quarterly revenue was up 30.3% on a year-over-year basis. As a group, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date is Wednesday, May 14th. Welltower's dividend payout ratio is currently 154.02%.

Welltower 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.