Welltower Inc. (NYSE:WELL) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC cut its position in shares of Welltower Inc. (NYSE:WELL) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,692 shares of the real estate investment trust’s stock after selling 494 shares during the quarter. ProVise Management Group LLC’s holdings in Welltower were worth $1,219,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of WELL. First Foundation Advisors acquired a new stake in Welltower during the second quarter valued at approximately $26,000. TruNorth Capital Management LLC bought a new position in shares of Welltower in the second quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the 2nd quarter valued at $30,000. Rise Advisors LLC bought a new stake in shares of Welltower during the 1st quarter worth $27,000. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower in the 2nd quarter worth $31,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 1.8 %

Welltower stock opened at $125.40 on Friday. Welltower Inc. has a 12 month low of $78.38 and a 12 month high of $131.31. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $74.98 billion, a P/E ratio of 154.81, a P/E/G ratio of 2.97 and a beta of 1.21. The company’s fifty day simple moving average is $117.12 and its 200-day simple moving average is $104.37.

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

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WELL shares. Royal Bank of Canada lifted their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Evercore ISI boosted their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday. 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. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $112.38.

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.