Welltower Inc. (NYSE:WELL) Shares Sold by Gray Wealth Management Inc.

Gray Wealth Management Inc. lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,008 shares of the real estate investment trust’s stock after selling 421 shares during the quarter. Gray Wealth Management Inc.’s holdings in Welltower were worth $993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Welltower during the 4th quarter worth $25,000. Headlands Technologies LLC increased its holdings in shares of Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares during the period. First Capital Advisors Group LLC. purchased a new position in Welltower during the 2nd quarter worth $26,000. Compass Wealth Management LLC purchased a new stake in shares of Welltower in the fourth quarter valued at about $26,000. Finally, FinTrust Capital Advisors LLC increased its stake in shares of Welltower by 117.8% during the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 185 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WELL. BNP Paribas assumed coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Mizuho lifted their price target on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective for the company. Finally, Scotiabank lowered their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.57.

Welltower Stock Up 1.2 %

NYSE WELL traded up $1.11 during mid-day trading on Thursday, reaching $90.81. 1,877,748 shares of the company’s stock traded hands, compared to its average volume of 2,568,646. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. Welltower Inc. has a 1-year low of $72.47 and a 1-year high of $94.63. The company has a fifty day simple moving average of $91.68 and a 200-day simple moving average of $88.91. The company has a market cap of $53.67 billion, a price-to-earnings ratio of 140.88, a P/E/G ratio of 2.25 and a beta of 1.08.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.79). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. As a group, equities research analysts expect that Welltower Inc. will post 4.03 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Thursday, February 22nd. Welltower’s payout ratio is 381.26%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.