Livforsakringsbolaget Skandia Omsesidigt decreased its stake in shares of Welltower Inc. (NYSE:WELL – Get Rating) by 40.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,745 shares of the real estate investment trust’s stock after selling 2,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Welltower were worth $321,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its holdings in Welltower by 148.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 293 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 175 shares during the last quarter. FSB Premier Wealth Management Inc. acquired a new position in Welltower in the fourth quarter valued at about $36,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Welltower by 697.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,699 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,110 shares during the last quarter. JNBA Financial Advisors boosted its position in shares of Welltower by 49.4% during the 4th quarter. JNBA Financial Advisors now owns 466 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 154 shares during the period. Finally, MUFG Americas Holdings Corp increased its holdings in Welltower by 55.6% in the 4th quarter. MUFG Americas Holdings Corp now owns 504 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 180 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating and set a $88.00 target price for the company. in a report on Monday, February 21st. Scotiabank raised shares of Welltower from a “sector perform” rating to a “sector outperform” rating and set a $110.00 price objective for the company in a research note on Monday, April 4th. Morgan Stanley increased their target price on shares of Welltower from $95.50 to $100.00 in a report on Thursday, March 17th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Sunday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Welltower from $103.00 to $108.00 in a research note on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $97.44.
Welltower (NYSE:WELL – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.68). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Welltower had a return on equity of 1.81% and a net margin of 6.42%. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, equities analysts anticipate that Welltower Inc. will post 3.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 24th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, May 23rd. Welltower’s payout ratio is 325.34%.
About Welltower (Get Rating)
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.
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