Welltower Inc. (NYSE:WELL) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its position in shares of Welltower Inc. (NYSE:WELL) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,292 shares of the real estate investment trust’s stock after selling 178 shares during the period. J.W. Cole Advisors Inc.’s holdings in Welltower were worth $343,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WELL. Nomura Holdings Inc. acquired a new position in Welltower in the fourth quarter worth $8,857,000. Connors Investor Services Inc. raised its position in Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after acquiring an additional 11,238 shares in the last quarter. Nordea Investment Management AB raised its holdings in Welltower by 88.1% during the 1st quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock worth $104,072,000 after buying an additional 523,656 shares during the period. TCW Group Inc. raised its holdings in Welltower by 26.6% during the 4th quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock worth $8,085,000 after buying an additional 18,807 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Welltower by 7.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock valued at $91,955,000 after acquiring an additional 72,968 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of 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 company has a market cap of $76.33 billion, a P/E ratio of 157.60, a P/E/G ratio of 2.97 and a beta of 1.21. The business has a fifty day simple moving average of $116.70 and a 200 day simple moving average of $104.22.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. On average, sell-side analysts forecast that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a yield of 2.10%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is currently 330.86%.

Analyst Ratings Changes

Several brokerages recently commented on WELL. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Scotiabank upped their target price on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Wedbush raised their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Finally, KeyCorp raised their target price on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Welltower 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.