Thrivent Financial for Lutherans Sells 17,337 Shares of Welltower Inc. (NYSE:WELL)

Thrivent Financial for Lutherans reduced its position in shares of Welltower Inc. (NYSE:WELL) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 125,544 shares of the real estate investment trust’s stock after selling 17,337 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Welltower were worth $15,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Flagship Wealth Advisors LLC bought a new position in Welltower in the 4th quarter worth $90,000. Signaturefd LLC lifted its position in shares of Welltower by 5.6% during the 4th quarter. Signaturefd LLC now owns 10,297 shares of the real estate investment trust’s stock valued at $1,298,000 after buying an additional 550 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Welltower by 18.7% during the 4th quarter. Parallel Advisors LLC now owns 4,582 shares of the real estate investment trust’s stock valued at $577,000 after acquiring an additional 721 shares during the period. Cibc World Markets Corp increased its holdings in Welltower by 11.0% in the 4th quarter. Cibc World Markets Corp now owns 230,918 shares of the real estate investment trust’s stock worth $29,103,000 after acquiring an additional 22,918 shares in the last quarter. Finally, American Assets Capital Advisers LLC raised its stake in Welltower by 19.6% during the 4th quarter. American Assets Capital Advisers LLC now owns 10,296 shares of the real estate investment trust’s stock worth $1,298,000 after acquiring an additional 1,684 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday. Mizuho increased their target price on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and lifted their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Three research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Stock Down 0.7 %

NYSE WELL opened at $146.84 on Friday. The stock has a 50 day moving average price of $143.50 and a 200-day moving average price of $134.62. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. The company has a market capitalization of $94.17 billion, a P/E ratio of 94.13, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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, equities analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.83%. Welltower’s 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.