Cetera Trust Company N.A Has $359,000 Stake in Welltower Inc. (NYSE:WELL)

Cetera Trust Company N.A reduced its stake in shares of Welltower Inc. (NYSE:WELL) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,850 shares of the real estate investment trust’s stock after selling 175 shares during the quarter. Cetera Trust Company N.A’s holdings in Welltower were worth $359,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama boosted its stake in shares of Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after buying an additional 16,946 shares during the period. Diversified Trust Co boosted its position in Welltower by 93.8% during the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after purchasing an additional 8,940 shares during the last quarter. Barclays PLC increased its position in Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Welltower by 28.1% during the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after purchasing an additional 324,520 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL stock opened at $132.22 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The company’s 50 day moving average price is $130.23 and its two-hundred day moving average price is $124.91. The company has a market capitalization of $82.33 billion, a P/E ratio of 87.47, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

WELL has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Raymond James raised their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Finally, Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.63.

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.