Granite Bay Wealth Management LLC Has $406,000 Position in Welltower Inc. (NYSE:WELL)

Granite Bay Wealth Management LLC decreased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 75.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,740 shares of the real estate investment trust's stock after selling 14,420 shares during the period. Granite Bay Wealth Management LLC's holdings in Welltower were worth $406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WELL. Vanguard Group Inc. raised its position in shares of Welltower by 2.7% during the third quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust's stock valued at $6,615,662,000 after buying an additional 2,156,673 shares during the last quarter. Norges Bank acquired a new position in Welltower in the fourth quarter worth about $1,104,830,000. Principal Financial Group Inc. raised its position in Welltower by 25.1% in the third quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust's stock worth $1,058,848,000 after purchasing an additional 2,596,718 shares in the last quarter. Geode Capital Management LLC raised its position in Welltower by 2.3% in the first quarter. Geode Capital Management LLC now owns 10,792,006 shares of the real estate investment trust's stock worth $772,087,000 after purchasing an additional 237,800 shares in the last quarter. Finally, Invesco Ltd. raised its position in Welltower by 22.9% in the third quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust's stock worth $695,223,000 after purchasing an additional 1,581,084 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Price Performance

Shares of WELL traded down $0.58 during mid-day trading on Friday, hitting $89.79. 1,808,366 shares of the company traded hands, compared to its average volume of 2,491,356. Welltower Inc. has a one year low of $72.47 and a one year high of $94.63. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $91.53 and a 200 day moving average of $88.80. The stock has a market capitalization of $53.07 billion, a price-to-earnings ratio of 140.30, a PEG ratio of 2.28 and a beta of 1.08.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company's quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities analysts expect that Welltower Inc. will post 4.03 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.72%. Welltower's dividend payout ratio (DPR) is presently 381.26%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research report on Tuesday, January 30th. They issued a "buy" rating and a $115.00 price target for the company. Mizuho upped their price objective on shares of Welltower from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, January 3rd. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Friday, March 29th. Scotiabank decreased their price objective on shares of Welltower from $97.00 to $96.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 4th. Finally, BNP Paribas assumed coverage on shares of Welltower in a research note on Monday, March 18th. They set an "outperform" rating and a $104.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.57.

Welltower Profile

Welltower Inc NYSE: WELL, a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.