NBC Securities Inc. Has $86,000 Stock Position in Welltower Inc. (NYSE:WELL)

NBC Securities Inc. cut its stake in shares of Welltower Inc. (NYSE:WELL) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 962 shares of the real estate investment trust’s stock after selling 268 shares during the period. NBC Securities Inc.’s holdings in Welltower were worth $86,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Welltower during the 4th quarter worth about $25,000. Headlands Technologies LLC grew its holdings in Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Welltower in the third quarter valued at approximately $38,000. Salem Investment Counselors Inc. raised its holdings in Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 194 shares during the period. Finally, Rational Advisors LLC acquired a new stake in Welltower in the third quarter worth $43,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 0.1 %

Shares of WELL stock opened at $100.93 on Friday. The firm’s fifty day moving average price is $93.48 and its two-hundred day moving average price is $90.71. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower Inc. has a 1 year low of $72.47 and a 1 year high of $101.75. The firm has a market capitalization of $60.35 billion, a P/E ratio of 124.60, a PEG ratio of 2.66 and a beta of 1.07.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a net margin of 6.37% and a return on equity of 1.77%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $0.85 EPS. Welltower’s revenue was up 19.2% compared to the same quarter last year. On average, equities analysts predict that Welltower Inc. will post 4.1 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, May 10th. Welltower’s payout ratio is presently 301.23%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WELL. Scotiabank boosted their price target on shares of Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a report on Thursday. BNP Paribas assumed coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target for the company. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday. Mizuho boosted their price objective on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a research note on Tuesday, January 30th. They set a “buy” rating and a $115.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.93.

Welltower Company 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.