Nicola Wealth Management LTD. Sells 1,100 Shares of Welltower Inc. (NYSE:WELL)

Nicola Wealth Management LTD. reduced its stake in Welltower Inc. (NYSE:WELL) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,695 shares of the real estate investment trust’s stock after selling 1,100 shares during the period. Nicola Wealth Management LTD.’s holdings in Welltower were worth $2,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in Welltower in the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new position in shares of Welltower in the 4th quarter worth $26,000. Sierra Ocean LLC purchased a new position in shares of Welltower in the 4th quarter worth $28,000. Versant Capital Management Inc grew its stake in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Welltower in the 3rd quarter worth $50,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Raymond James lifted their price objective 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. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $146.00 to $168.00 in a research note on Friday. Bank of America lifted their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Scotiabank lifted their price objective on shares of Welltower from $144.00 to $165.00 and gave the stock a “sector outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $145.96.

Welltower Price Performance

Welltower stock opened at $156.91 on Tuesday. The stock has a market cap of $100.63 billion, a price-to-earnings ratio of 100.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. 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 Inc. has a 1 year low of $87.87 and a 1 year high of $157.16. The firm has a 50-day moving average of $136.98 and a two-hundred day moving average of $131.87.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be given a $0.67 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.71%. Welltower’s dividend payout ratio (DPR) is 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.