D L Carlson Investment Group Inc. Sells 651 Shares of Welltower Inc. (NYSE:WELL)

D L Carlson Investment Group Inc. cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,097 shares of the real estate investment trust’s stock after selling 651 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Welltower were worth $4,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of WELL. Townsquare Capital LLC raised its stake in Welltower by 73.0% during the 3rd quarter. Townsquare Capital LLC now owns 5,446 shares of the real estate investment trust’s stock valued at $697,000 after buying an additional 2,298 shares during the last quarter. Glenmede Trust Co. NA increased its position in Welltower by 8.8% during the third quarter. Glenmede Trust Co. NA now owns 6,702 shares of the real estate investment trust’s stock valued at $858,000 after acquiring an additional 543 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Welltower by 6.8% in the third quarter. Rockefeller Capital Management L.P. now owns 70,276 shares of the real estate investment trust’s stock valued at $8,988,000 after acquiring an additional 4,470 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in Welltower in the third quarter worth about $15,364,000. Finally, Erste Asset Management GmbH bought a new stake in shares of Welltower during the 3rd quarter valued at about $3,462,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WELL. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Raymond James lifted 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. Scotiabank lifted their target price on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Evercore ISI raised their price objective on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 4th. Finally, Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Price Performance

WELL stock opened at $153.39 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company’s fifty day moving average price is $145.78 and its 200-day moving average price is $135.61. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. The company has a market capitalization of $98.37 billion, a PE ratio of 98.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.

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

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is presently 171.79%.

Welltower 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.