Stratos Wealth Partners LTD. Reduces Stock Holdings in Welltower Inc. (NYSE:WELL)

Stratos Wealth Partners LTD. cut its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 44.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,626 shares of the real estate investment trust's stock after selling 6,198 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Welltower were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower in the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Welltower in the 1st quarter valued at about $28,000. Franchise Capital Ltd acquired a new position in shares of Welltower in the 1st quarter valued at about $32,000. ZynergyRetirementPlanningLLC acquired a new position in shares of Welltower in the 1st quarter valued at about $33,000. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 107 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Morgan Stanley upped 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. Wells Fargo & Company upped their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.18.

Welltower Stock Up 1.6%

WELL traded up $2.38 during midday trading on Friday, reaching $155.10. 2,419,527 shares of the company were exchanged, compared to its average volume of 2,906,255. 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 company's fifty day moving average price is $151.30 and its 200 day moving average price is $145.37. The company has a market cap of $101.43 billion, a price-to-earnings ratio of 89.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. Welltower Inc. has a one year low of $103.36 and a one year high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last issued 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 during 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 for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio is presently 154.02%.

Insider Activity

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.