Global Retirement Partners LLC Trims Holdings in Welltower Inc. (NYSE:WELL)

Global Retirement Partners LLC lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 42.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,491 shares of the real estate investment trust’s stock after selling 3,254 shares during the period. Global Retirement Partners LLC’s holdings in Welltower were worth $575,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of Welltower by 6.6% in the 1st quarter. Park Avenue Securities LLC now owns 12,178 shares of the real estate investment trust’s stock worth $1,138,000 after buying an additional 756 shares during the last quarter. &PARTNERS bought a new stake in Welltower during the first quarter valued at about $250,000. Riverview Trust Co bought a new stake in shares of Welltower in the first quarter worth about $148,000. Hazelview Securities Inc. increased its holdings in shares of Welltower by 26.7% in the first quarter. Hazelview Securities Inc. now owns 234,651 shares of the real estate investment trust’s stock worth $21,586,000 after purchasing an additional 49,400 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in Welltower by 190.9% during the first quarter. Sound Income Strategies LLC now owns 509 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WELL shares. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. KeyCorp boosted their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Evercore ISI upped their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Price Performance

Welltower stock opened at $132.24 on Monday. The stock has a market cap of $79.07 billion, a P/E ratio of 163.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. The company has a fifty day simple moving average of $124.22 and a 200-day simple moving average of $109.70. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $132.27. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. Equities analysts expect that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Monday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is 330.86%.

Welltower Company Profile

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.