Greenup Street Wealth Management LLC Has $516,000 Holdings in Welltower Inc. (NYSE:WELL)

Greenup Street Wealth Management LLC lessened its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 49.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,366 shares of the real estate investment trust's stock after selling 3,237 shares during the quarter. Greenup Street Wealth Management LLC's holdings in Welltower were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WELL. Brighton Jones LLC boosted its holdings in Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after purchasing an additional 279 shares during the period. Principal Securities Inc. raised its stake in Welltower by 7.2% during the fourth quarter. Principal Securities Inc. now owns 4,750 shares of the real estate investment trust's stock worth $599,000 after acquiring an additional 321 shares during the period. Allworth Financial LP lifted its holdings in Welltower by 38.7% in the fourth quarter. Allworth Financial LP now owns 5,079 shares of the real estate investment trust's stock worth $666,000 after acquiring an additional 1,416 shares during the last quarter. Valmark Advisers Inc. acquired a new position in Welltower in the fourth quarter valued at approximately $243,000. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Welltower by 16.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 3,788 shares of the real estate investment trust's stock valued at $477,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Wells Fargo & Company boosted their price target on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. 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 report on Tuesday, March 18th. Finally, Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $163.25.

Welltower Price Performance

Welltower stock traded down $0.72 during midday trading on Friday, hitting $152.47. The company's stock had a trading volume of 1,138,931 shares, compared to its average volume of 2,937,737. Welltower Inc. has a 12 month low of $100.13 and a 12 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 company has a market capitalization of $99.70 billion, a PE ratio of 87.74, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The stock's 50-day moving average price is $149.61 and its 200-day moving average price is $142.69.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) 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 company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business's revenue was up 30.3% compared to the same quarter last year. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio is 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.