Atria Wealth Solutions Inc. Cuts Stock Holdings in Welltower Inc. (NYSE:WELL)

Atria Wealth Solutions Inc. decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,368 shares of the real estate investment trust’s stock after selling 1,444 shares during the period. Atria Wealth Solutions Inc.’s holdings in Welltower were worth $1,937,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WELL. Sequoia Financial Advisors LLC boosted its position in shares of Welltower by 4.4% during the third quarter. Sequoia Financial Advisors LLC now owns 7,824 shares of the real estate investment trust’s stock valued at $1,002,000 after buying an additional 331 shares during the last quarter. International Assets Investment Management LLC grew its stake in Welltower by 21,236.0% in the 3rd quarter. International Assets Investment Management LLC now owns 173,888 shares of the real estate investment trust’s stock valued at $22,263,000 after purchasing an additional 173,073 shares during the period. Assenagon Asset Management S.A. grew its stake in Welltower by 19.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,566 shares of the real estate investment trust’s stock valued at $2,633,000 after purchasing an additional 3,335 shares during the period. Dakota Wealth Management grew its stake in Welltower by 17.4% in the 3rd quarter. Dakota Wealth Management now owns 9,336 shares of the real estate investment trust’s stock valued at $1,195,000 after purchasing an additional 1,381 shares during the period. Finally, West Michigan Advisors LLC bought a new position in Welltower in the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL opened at $148.69 on Friday. The company has a market capitalization of $95.35 billion, a price-to-earnings ratio of 95.31, a PEG ratio of 2.87 and a beta of 1.23. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $133.83 and a 200-day moving average price of $130.25. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $152.81.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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%. Equities analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.80%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WELL. Mizuho raised their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Scotiabank raised their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $140.19.

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.