B. Riley Wealth Advisors Inc. Sells 4,257 Shares of Welltower Inc. (NYSE:WELL)

B. Riley Wealth Advisors Inc. lowered its stake in Welltower Inc. (NYSE:WELL - Free Report) by 15.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,869 shares of the real estate investment trust's stock after selling 4,257 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Welltower were worth $2,882,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Integrated Advisors Network LLC raised its holdings in Welltower by 2.4% during the 4th quarter. Integrated Advisors Network LLC now owns 4,821 shares of the real estate investment trust's stock valued at $608,000 after buying an additional 115 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in Welltower during the fourth quarter valued at $69,000. Retirement Planning Group LLC NY bought a new position in Welltower in the 4th quarter worth about $312,000. GF Fund Management CO. LTD. purchased a new stake in shares of Welltower in the 4th quarter worth approximately $1,416,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Welltower by 0.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,099,391 shares of the real estate investment trust's stock worth $138,556,000 after purchasing an additional 4,610 shares during the period. Institutional investors own 94.80% of the company's stock.

Welltower Price Performance

Shares of WELL stock traded up $1.29 on Thursday, hitting $152.99. 2,720,379 shares of the stock traded hands, compared to its average volume of 2,909,102. 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 Inc. has a 52 week low of $99.95 and a 52 week high of $158.55. The firm has a 50 day simple moving average of $147.73 and a two-hundred day simple moving average of $141.00. The firm has a market cap of $100.05 billion, a price-to-earnings ratio of 98.07, a PEG ratio of 2.87 and a beta of 0.94.

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

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.75%. Welltower's dividend payout ratio is currently 154.02%.

Analyst Ratings Changes

WELL has been the topic of several research reports. Evercore ISI raised their target price on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Mizuho boosted their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.83.

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.