Capital Investment Advisors LLC Sells 1,547 Shares of Welltower Inc. (NYSE:WELL)

Capital Investment Advisors LLC lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,328 shares of the real estate investment trust’s stock after selling 1,547 shares during the period. Capital Investment Advisors LLC’s holdings in Welltower were worth $2,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Retirement Systems of Alabama grew its position in Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after acquiring an additional 16,946 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Welltower by 93.8% in the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock worth $2,365,000 after purchasing an additional 8,940 shares during the last quarter. Barclays PLC increased its stake in Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after buying an additional 380,888 shares during the period. Nordea Investment Management AB increased its stake in Welltower by 28.1% in the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after buying an additional 324,520 shares during the period. Finally, Duff & Phelps Investment Management Co. bought a new stake in Welltower during the 2nd quarter valued at about $254,977,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WELL shares. Evercore ISI raised their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. 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 report on Thursday, January 2nd. Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $127.63.

Welltower Price Performance

Shares of WELL opened at $125.87 on Tuesday. The company has a 50 day moving average of $131.08 and a two-hundred day moving average of $123.90. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The company has a market cap of $78.38 billion, a price-to-earnings ratio of 82.81, a price-to-earnings-growth ratio of 2.90 and a beta of 1.22.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Welltower 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.