Harvest Fund Management Co. Ltd Sells 11,328 Shares of Welltower Inc. (NYSE:WELL)

Harvest Fund Management Co. Ltd lowered its holdings in shares of Welltower Inc. (NYSE:WELL) by 82.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,495 shares of the real estate investment trust’s stock after selling 11,328 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Welltower were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Roxbury Financial LLC purchased a new stake in shares of Welltower in the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter valued at $25,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the fourth quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Welltower in the fourth quarter valued at $50,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WELL. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and increased their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Mizuho raised their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James raised their price target 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. Finally, Bank of America raised their price target 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. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.46.

Welltower Stock Down 0.7 %

Shares of Welltower stock opened at $146.84 on Friday. 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 $158.55. The firm’s 50-day moving average is $143.50 and its two-hundred day moving average is $134.62. The stock has a market cap of $94.17 billion, a price-to-earnings ratio of 94.13, a PEG ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is currently 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.