Panoramic Investment Advisors LLC Sells 400 Shares of Welltower Inc. (NYSE:WELL)

Panoramic Investment Advisors LLC reduced its position in Welltower Inc. (NYSE:WELL) by 6.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,825 shares of the real estate investment trust’s stock after selling 400 shares during the quarter. Panoramic Investment Advisors LLC’s holdings in Welltower were worth $544,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WELL. Bruce G. Allen Investments LLC purchased a new position in shares of Welltower in the fourth quarter worth about $25,000. Rise Advisors LLC bought a new position in Welltower during the 1st quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in Welltower during the 4th quarter worth approximately $35,000. Financial Gravity Asset Management Inc. purchased a new position in Welltower in the 3rd quarter worth approximately $38,000. Finally, Salem Investment Counselors Inc. lifted its position 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 valued at $38,000 after purchasing an additional 194 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WELL shares. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Sunday. Wells Fargo & Company increased their price objective on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Scotiabank boosted their target price on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho raised their price target on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, KeyCorp lifted their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Welltower Stock Up 0.2 %

Welltower stock traded up $0.24 during mid-day trading on Tuesday, reaching $104.24. The stock had a trading volume of 500,694 shares, compared to its average volume of 2,680,937. Welltower Inc. has a one year low of $77.90 and a one year high of $105.69. The company has a 50-day moving average price of $100.38 and a two-hundred day moving average price of $94.05. The company has a market capitalization of $62.33 billion, a price-to-earnings ratio of 128.40, a PEG ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83.

Welltower (NYSE:WELL) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. On average, analysts expect that Welltower Inc. will post 4.12 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s payout ratio is currently 301.23%.

Insider Activity at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of Welltower stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the sale, the director now directly owns 14,579 shares in the company, valued at $1,514,903.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by insiders.

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.