Welltower Inc. (NYSE:WELL) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 10.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,850 shares of the real estate investment trust’s stock after selling 550 shares during the period. Exchange Traded Concepts LLC’s holdings in Welltower were worth $621,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Foundation Advisors acquired a new stake in Welltower during the second quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new stake in shares of Welltower in the 2nd quarter worth approximately $30,000. Finally, Manchester Capital Management LLC boosted its position in Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 254 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wedbush increased their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Morgan Stanley upped their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Royal Bank of Canada lifted their price target on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.38.

Welltower Stock Up 1.1 %

Shares of WELL stock opened at $132.24 on Friday. Welltower Inc. has a 1 year low of $80.80 and a 1 year high of $132.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The business’s fifty day moving average is $124.22 and its 200-day moving average is $109.44. The stock has a market cap of $79.07 billion, a PE ratio of 163.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.89 billion. During the same period in the previous year, the company earned $0.90 earnings per share. Welltower’s revenue was up 9.6% compared to the same quarter last year. Equities analysts expect that Welltower Inc. will post 4.19 earnings per share 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 issued a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s payout ratio is presently 330.86%.

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.