Corient Private Wealth LLC Trims Position in Welltower Inc. (NYSE:WELL)

Corient Private Wealth LLC cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 64.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,588 shares of the real estate investment trust’s stock after selling 76,839 shares during the quarter. Corient Private Wealth LLC’s holdings in Welltower were worth $5,368,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower during the 4th quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in shares of Welltower during the 4th quarter valued at approximately $26,000. Sierra Ocean LLC purchased a new position in shares of Welltower during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Welltower by 165.5% during the 4th 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. purchased a new position in shares of Welltower during the 4th quarter valued at approximately $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Down 0.7 %

Shares of WELL stock opened at $146.84 on Friday. The company’s 50-day moving average price is $143.50 and its 200-day moving average price is $134.62. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market cap of $94.17 billion, a price-to-earnings ratio of 94.13, a PEG ratio of 2.87 and a beta of 1.20. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. Welltower’s payout ratio is 171.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WELL shares. Wells Fargo & Company lifted their target price on shares of Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average price target of $156.46.

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.