SYSTM Wealth Solutions LLC Trims Stock Holdings in Welltower Inc. (NYSE:WELL)

SYSTM Wealth Solutions LLC lowered its stake in Welltower Inc. (NYSE:WELL) by 25.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,451 shares of the real estate investment trust’s stock after selling 495 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Welltower were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. RDA Financial Network increased its stake in shares of Welltower by 0.6% in the second quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after purchasing an additional 104 shares in the last quarter. Trueblood Wealth Management LLC increased its stake in Welltower by 1.2% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock worth $847,000 after buying an additional 109 shares in the last quarter. Simplicity Wealth LLC raised its holdings in Welltower by 0.9% during the second quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock valued at $1,267,000 after acquiring an additional 113 shares during the period. Graypoint LLC lifted its position in shares of Welltower by 4.8% in the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 122 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in shares of Welltower by 3.1% in the second quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 122 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday. Wedbush raised their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, KeyCorp increased their price objective on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Welltower Trading Up 0.2 %

WELL stock opened at $127.66 on Thursday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a twelve month low of $78.38 and a twelve month high of $131.31. The stock has a market capitalization of $76.33 billion, a price-to-earnings ratio of 157.60, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The firm’s fifty day simple moving average is $116.70 and its two-hundred day simple moving average is $104.22.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.10%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is currently 330.86%.

About Welltower

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.