Spinnaker Trust Sells 1,531 Shares of Welltower Inc. (NYSE:WELL)

Spinnaker Trust lessened its holdings in Welltower Inc. (NYSE:WELL) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,175 shares of the real estate investment trust’s stock after selling 1,531 shares during the period. Spinnaker Trust’s holdings in Welltower were worth $3,929,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after buying an additional 1,797,330 shares in the last quarter. FMR LLC increased its position in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after acquiring an additional 3,977,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after acquiring an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Welltower by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after purchasing an additional 46,332 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Welltower by 6.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,106,666 shares of the real estate investment trust’s stock worth $391,533,000 after purchasing an additional 192,303 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.9 %

Shares of WELL opened at $150.03 on Friday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $151.96. The firm has a market cap of $93.42 billion, a P/E ratio of 98.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. The firm’s 50-day simple moving average is $131.37 and its 200 day simple moving average is $128.56. 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 announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. On average, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James upped their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Bank of America lifted their price objective on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and upped their target price for the company from $145.00 to $167.00 in a report on Friday. Finally, Scotiabank upped their target price on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday, January 27th. One equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $138.58.

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.