Welltower Inc. (NYSE:WELL) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 37.8% in the 4th quarter, HoldingsChannel reports. The firm owned 7,200 shares of the real estate investment trust’s stock after selling 4,382 shares during the period. ProVise Management Group LLC’s holdings in Welltower were worth $907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Welltower by 638.0% during 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 worth $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. FMR LLC boosted its position in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after acquiring an additional 1,797,330 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Welltower during the 4th quarter worth about $90,565,000. Finally, Amundi boosted its position in shares of Welltower by 18.5% during the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock worth $477,314,000 after acquiring an additional 589,255 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Evercore ISI upped their price objective on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Wells Fargo & Company boosted their target price on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Finally, Raymond James boosted their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Stock Down 0.8 %

WELL opened at $148.81 on Thursday. The business has a 50 day moving average price of $142.63 and a two-hundred day moving average price of $134.35. 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 company has a market cap of $95.43 billion, a PE ratio of 95.39, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55.

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

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is 171.79%.

About Welltower

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.