Thurston Springer Miller Herd & Titak Inc. Has $184,000 Stock Position in Welltower Inc. (NYSE:WELL)

Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of Welltower Inc. (NYSE:WELL) by 32.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,463 shares of the real estate investment trust’s stock after selling 714 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Welltower were worth $184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its position in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Versant Capital Management Inc boosted its stake in 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 last quarter. Ashton Thomas Securities LLC bought a new position in shares of Welltower during the 3rd quarter valued at approximately $50,000. FSA Wealth Management LLC purchased a new stake in shares of Welltower during the 3rd quarter worth approximately $59,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Welltower in the third quarter valued at approximately $64,000. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WELL has been the topic of several research reports. Mizuho boosted their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Scotiabank upped their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Raymond James boosted their price target 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. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.63.

Welltower Stock Performance

NYSE WELL opened at $128.73 on Friday. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The company has a fifty day moving average of $130.78 and a 200-day moving average of $124.08. The company has a market capitalization of $80.16 billion, a P/E ratio of 84.69, a P/E/G ratio of 2.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

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

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Welltower Company 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.