Spinnaker Trust Has $3.96 Million Stock Position in Welltower Inc. (NYSE:WELL)

Spinnaker Trust decreased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 17.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,824 shares of the real estate investment trust's stock after selling 5,351 shares during the quarter. Spinnaker Trust's holdings in Welltower were worth $3,956,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Welltower by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock valued at $12,388,151,000 after buying an additional 2,612,044 shares during the last quarter. Capital International Investors lifted its stake in Welltower by 0.9% in the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after purchasing an additional 318,496 shares during the last quarter. Norges Bank bought a new position in Welltower during the fourth quarter worth about $3,943,892,000. Bank of America Corp DE increased its position in Welltower by 9.7% during the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after buying an additional 1,652,611 shares during the last quarter. Finally, FMR LLC raised its stake in Welltower by 9.4% in the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after buying an additional 1,354,231 shares during the period. Institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

WELL has been the topic of a number of research analyst reports. Wedbush restated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Wells Fargo & Company raised their target price on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Finally, Morgan Stanley boosted their price objective on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Welltower has an average rating of "Moderate Buy" and an average price target of $163.75.

Welltower Stock Performance

Shares of WELL traded up $1.73 during mid-day trading on Monday, hitting $153.86. 4,618,446 shares of the company's stock were exchanged, compared to its average volume of 2,910,327. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. Welltower Inc. has a 52 week low of $102.92 and a 52 week high of $190.00. The stock's 50-day simple moving average is $150.50 and its 200-day simple moving average is $143.80. The firm has a market cap of $100.62 billion, a price-to-earnings ratio of 88.43, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94.

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

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.74%. Welltower's dividend 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.