Welltower Inc. (NYSE:WELL) Stock Position Cut by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lessened its stake in Welltower Inc. (NYSE:WELL) by 16.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 691 shares of the real estate investment trust’s stock after selling 138 shares during the period. Princeton Global Asset Management LLC’s holdings in Welltower were worth $106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WELL. Brighton Jones LLC grew its position in Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after buying an additional 279 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Welltower by 139.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 13,824 shares of the real estate investment trust’s stock valued at $1,742,000 after purchasing an additional 8,046 shares in the last quarter. Financial Advocates Investment Management boosted its position in shares of Welltower by 10.0% during the 4th quarter. Financial Advocates Investment Management now owns 3,032 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 276 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Welltower by 33.2% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,413 shares of the real estate investment trust’s stock valued at $807,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted its position in shares of Welltower by 17.6% during the 4th quarter. Global X Japan Co. Ltd. now owns 1,307 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $154.44 on Friday. Welltower Inc. has a one year low of $100.13 and a one year high of $158.55. The company has a 50-day moving average of $148.04 and a two-hundred day moving average of $141.86. The stock has a market cap of $101.00 billion, a price-to-earnings ratio of 99.00, a PEG ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, equities research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower’s dividend payout ratio (DPR) is 154.02%.

Analyst Ratings Changes

WELL has been the subject of several research reports. Evercore ISI raised their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Scotiabank raised their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Bank of America raised their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Mizuho raised their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company raised their price objective on shares of Welltower from $158.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.25.

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.