Advisory Services Network LLC Sells 264 Shares of Welltower Inc. (NYSE:WELL)

Advisory Services Network LLC trimmed its holdings in Welltower Inc. (NYSE:WELL) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,645 shares of the real estate investment trust’s stock after selling 264 shares during the period. Advisory Services Network LLC’s holdings in Welltower were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WELL. Retirement Systems of Alabama boosted its stake in Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after purchasing an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Welltower by 120.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after buying an additional 7,872 shares in the last quarter. Barclays PLC boosted its position in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after acquiring an additional 380,888 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock valued at $68,666,000 after acquiring an additional 128,090 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after acquiring an additional 2,250 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 1.1 %

Shares of NYSE WELL opened at $147.17 on Friday. Welltower Inc. has a 1 year low of $89.38 and a 1 year high of $158.55. The firm has a 50-day simple moving average of $148.24 and a two-hundred day simple moving average of $137.36. The company has a market cap of $95.43 billion, a P/E ratio of 94.34, a PEG ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is presently 171.79%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Evercore ISI upped their price objective on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, March 4th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Finally, Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.46.

Welltower Company Profile

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.