Nisa Investment Advisors LLC Reduces Stock Holdings in Welltower Inc. (NYSE:WELL)

Nisa Investment Advisors LLC lowered its position in Welltower Inc. (NYSE:WELL - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 280,029 shares of the real estate investment trust's stock after selling 17,754 shares during the period. Nisa Investment Advisors LLC's holdings in Welltower were worth $42,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Welltower in the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in Welltower in the 1st quarter worth approximately $28,000. Franchise Capital Ltd acquired a new stake in Welltower in the 1st quarter worth approximately $32,000. ZynergyRetirementPlanningLLC acquired a new stake in Welltower in the 1st quarter worth approximately $33,000. Finally, 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. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Trading Up 0.3%

Shares of WELL stock traded up $0.43 on Thursday, hitting $152.68. 2,223,966 shares of the stock traded hands, compared to its average volume of 2,908,721. The firm's 50-day moving average price is $151.21 and its two-hundred day moving average price is $145.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The stock has a market capitalization of $99.85 billion, a PE ratio of 87.75, a PEG ratio of 1.77 and a beta of 0.92. Welltower Inc. has a twelve month low of $103.36 and a twelve month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. Welltower's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. As a group, analysts anticipate 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. Investors of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.76%. Welltower's payout ratio is 154.02%.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach bought 20,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on WELL shares. 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 note on Tuesday, May 6th. Evercore ISI lifted their price objective 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. Wells Fargo & Company lifted their price objective 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. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

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.