Vident Advisory LLC Decreases Stock Holdings in Welltower Inc. (NYSE:WELL)

Vident Advisory LLC reduced its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 32.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,434 shares of the real estate investment trust's stock after selling 14,518 shares during the period. Vident Advisory LLC's holdings in Welltower were worth $3,836,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. raised its stake in shares of Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after acquiring an additional 7,872 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Welltower by 30.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after acquiring an additional 128,090 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock valued at $244,114,000 after buying an additional 285,015 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Welltower during the 4th quarter valued at $367,000. Finally, Groupama Asset Managment grew its position in shares of Welltower by 23,204.3% in the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after buying an additional 1,891,847 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Price Performance

Shares of WELL stock traded up $2.39 on Monday, hitting $149.29. 2,183,274 shares of the stock traded hands, compared to its average volume of 2,913,854. Welltower Inc. has a 52 week low of $99.95 and a 52 week high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market cap of $97.63 billion, a price-to-earnings ratio of 95.70, a PEG ratio of 2.87 and a beta of 0.94. The firm has a 50 day simple moving average of $147.52 and a two-hundred day simple moving average of $140.77.

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 (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the firm earned $1.01 EPS. The company's revenue for the quarter was up 30.3% on a year-over-year basis. As a group, equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued 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 1.80%. Welltower's payout ratio is presently 154.02%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WELL. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Scotiabank upped their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 6th. Evercore ISI lifted their target price on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Finally, Morgan Stanley increased their price objective on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $161.83.

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.