Monetary Management Group Inc. Has $800,000 Stake in Welltower Inc. (NYSE:WELL)

Monetary Management Group Inc. decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,350 shares of the real estate investment trust’s stock after selling 250 shares during the quarter. Monetary Management Group Inc.’s holdings in Welltower were worth $800,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WELL. Roxbury Financial LLC acquired a new stake in Welltower during the fourth quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower during the 4th quarter worth approximately $25,000. Sierra Ocean LLC bought a new stake in shares of Welltower during the fourth quarter valued at approximately $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 purchasing an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in Welltower in the fourth quarter worth $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WELL shares. Wells Fargo & Company upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating and set a $158.00 price objective for the company in a research note on Tuesday. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Evercore ISI boosted their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Price Performance

Shares of WELL stock opened at $141.87 on Friday. The firm’s 50 day moving average price is $147.87 and its two-hundred day moving average price is $136.81. The stock has a market cap of $91.99 billion, a PE ratio of 90.94, a PEG ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. 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 released its quarterly earnings data 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%. As a group, analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, February 25th. 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.