Mystic Asset Management Inc. Has $222,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Mystic Asset Management Inc. cut its stake in Welltower Inc. (NYSE:WELL) by 22.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,765 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Mystic Asset Management Inc.’s holdings in Welltower were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares in the last quarter. FMR LLC raised its holdings in Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after acquiring an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after acquiring an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Welltower by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after purchasing an additional 46,332 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Welltower by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock valued at $489,585,000 after purchasing an additional 117,170 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WELL shares. Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Stock Down 0.9 %

Shares of WELL opened at $149.92 on Wednesday. The company has a market capitalization of $96.14 billion, a PE ratio of 96.10, a PEG ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The stock’s 50-day moving average price is $142.19 and its two-hundred day moving average price is $134.25. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last announced its 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 return on equity of 3.15% and a net margin of 11.91%. On average, analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced 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 1.79%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is presently 171.79%.

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.