Envestnet Portfolio Solutions Inc. Trims Holdings in Welltower Inc. (NYSE:WELL)

Envestnet Portfolio Solutions Inc. cut its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 36.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,766 shares of the real estate investment trust's stock after selling 6,170 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Welltower were worth $1,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbor Capital Advisors Inc. bought a new position in Welltower in the 1st quarter worth about $28,000. Franchise Capital Ltd bought a new position in Welltower in the 1st quarter worth about $32,000. Capital Advisors Ltd. LLC boosted its stake in Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 107 shares in the last quarter. Versant Capital Management Inc boosted its stake in Welltower by 27.0% in the 1st quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 81 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Welltower in the 1st quarter worth about $59,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WELL has been the topic of a number of analyst reports. Mizuho upped 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. Morgan Stanley upped their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wells Fargo & Company upped their target price on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Wedbush restated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Evercore ISI upped their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and an average price target of $163.75.

Welltower Price Performance

Shares of NYSE:WELL opened at $154.05 on Tuesday. The firm's 50 day moving average price is $149.96 and its 200-day moving average price is $143.12. Welltower Inc. has a twelve month low of $100.13 and a twelve month high of $158.55. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $100.74 billion, a PE ratio of 88.53, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The business's quarterly revenue was up 30.3% on a year-over-year basis. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

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.

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