Forte Capital LLC ADV Sells 447 Shares of Welltower Inc. (NYSE:WELL)

Forte Capital LLC ADV lowered its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,144 shares of the real estate investment trust’s stock after selling 447 shares during the period. Forte Capital LLC ADV’s holdings in Welltower were worth $1,816,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WELL. Sequoia Financial Advisors LLC boosted its position in Welltower by 1.9% in the third quarter. Sequoia Financial Advisors LLC now owns 6,372 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 119 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of Welltower by 1.6% during the 3rd quarter. Profund Advisors LLC now owns 7,632 shares of the real estate investment trust’s stock valued at $625,000 after acquiring an additional 120 shares in the last quarter. First Horizon Advisors Inc. grew its position in Welltower by 21.2% during the 4th quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 121 shares during the last quarter. Private Advisor Group LLC grew its position in Welltower by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 25,167 shares of the real estate investment trust’s stock worth $2,062,000 after acquiring an additional 127 shares during the last quarter. Finally, Stiles Financial Services Inc increased its holdings in Welltower by 1.7% in the 3rd quarter. Stiles Financial Services Inc now owns 7,906 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 135 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Down 0.3 %

Welltower stock traded down $0.27 during trading hours on Friday, reaching $95.81. 2,557,328 shares of the company’s stock were exchanged, compared to its average volume of 2,394,857. The firm’s 50 day simple moving average is $92.26 and its 200 day simple moving average is $89.76. Welltower Inc. has a twelve month low of $72.47 and a twelve month high of $98.19. The company has a quick ratio of 3.22, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $57.29 billion, a PE ratio of 118.28, a PEG ratio of 2.42 and a beta of 1.07.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. Research analysts predict that Welltower Inc. will post 4.06 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.55%. Welltower’s payout ratio is presently 301.23%.

Wall Street Analyst Weigh In

WELL has been the topic of a number of recent research reports. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. BNP Paribas initiated coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Scotiabank cut their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

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.