Welltower Inc. (NYSE:WELL) is Garland Capital Management Inc.'s 5th Largest Position

Garland Capital Management Inc. trimmed its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,443 shares of the real estate investment trust's stock after selling 5,300 shares during the period. Welltower accounts for 5.1% of Garland Capital Management Inc.'s portfolio, making the stock its 5th largest holding. Garland Capital Management Inc.'s holdings in Welltower were worth $5,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WELL. Brighton Jones LLC increased its holdings in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after acquiring an additional 279 shares during the last quarter. Principal Securities Inc. increased its holdings in Welltower by 7.2% in the 4th quarter. Principal Securities Inc. now owns 4,750 shares of the real estate investment trust's stock valued at $599,000 after acquiring an additional 321 shares during the last quarter. Allworth Financial LP increased its holdings in Welltower by 38.7% in the 4th quarter. Allworth Financial LP now owns 5,079 shares of the real estate investment trust's stock valued at $666,000 after acquiring an additional 1,416 shares during the last quarter. Truist Financial Corp increased its holdings in Welltower by 6.9% in the 4th quarter. Truist Financial Corp now owns 35,441 shares of the real estate investment trust's stock valued at $4,467,000 after acquiring an additional 2,274 shares during the last quarter. Finally, Empower Advisory Group LLC bought a new stake in Welltower in the 4th quarter valued at $202,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WELL shares. Evercore ISI lifted their price target on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Wells Fargo & Company boosted their target price on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Royal Bank Of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $163.25.

Welltower Trading Down 1.0%

Shares of WELL stock traded down $1.48 during trading hours on Friday, reaching $151.70. 11,336,486 shares of the stock were exchanged, compared to its average volume of 2,919,173. Welltower Inc. has a 12-month low of $100.13 and a 12-month high of $158.55. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The company's 50-day moving average price is $149.79 and its 200-day moving average price is $142.89. The firm has a market capitalization of $99.20 billion, a price-to-earnings ratio of 87.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results 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. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the previous year, the company earned $1.01 EPS. The firm's revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared 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 1.77%. Welltower's dividend payout ratio is presently 154.02%.

About Welltower

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.