Red Cedar Investment Management LLC Lowers Holdings in Welltower Inc. (NYSE:WELL)

Red Cedar Investment Management LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 38.0% during the fourth quarter, Holdings Channel reports. The firm owned 14,256 shares of the real estate investment trust’s stock after selling 8,730 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Welltower were worth $1,797,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Retirement Systems of Alabama raised its holdings in shares of Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after acquiring an additional 16,946 shares in the last quarter. Barclays PLC raised its holdings in shares of Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after acquiring an additional 2,250 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Welltower by 28.1% during 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 acquiring an additional 324,520 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Welltower by 1.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock worth $2,638,000 after acquiring an additional 365 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of Welltower stock opened at $150.03 on Friday. The stock’s fifty day moving average is $131.37 and its two-hundred day moving average is $128.56. The company has a market capitalization of $93.42 billion, a PE ratio of 98.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. 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 52 week low of $87.87 and a 52 week high of $151.96.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. As a group, analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 176.32%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WELL. Scotiabank upped their price objective on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Mizuho increased their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $138.58.

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.