Nations Financial Group Inc. IA ADV Reduces Holdings in Welltower Inc. (NYSE:WELL)

Nations Financial Group Inc. IA ADV reduced its stake in Welltower Inc. (NYSE:WELL) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,909 shares of the real estate investment trust’s stock after selling 90 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Welltower were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WELL. First Foundation Advisors acquired a new position in Welltower during the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC purchased a new stake in shares of Welltower during the second quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in shares of Welltower in the 2nd quarter valued at $30,000. Centerpoint Advisors LLC purchased a new position in Welltower in the 2nd quarter worth $31,000. Finally, Fortitude Family Office LLC lifted its position in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

WELL opened at $135.01 on Thursday. The firm’s fifty day simple moving average is $129.56 and its two-hundred day simple moving average is $114.83. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The company has a market cap of $84.07 billion, a price-to-earnings ratio of 88.82, a PEG ratio of 3.05 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WELL shares. Royal Bank of Canada increased their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Scotiabank raised their target price on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $116.68.

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.