Brookstone Capital Management Sells 3,495 Shares of Welltower Inc. (NYSE:WELL)

Brookstone Capital Management reduced its position in shares of Welltower Inc. (NYSE:WELL) by 41.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,007 shares of the real estate investment trust’s stock after selling 3,495 shares during the quarter. Brookstone Capital Management’s holdings in Welltower were worth $631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Welltower in the 3rd quarter worth $50,000. FSA Wealth Management LLC purchased a new position in shares of Welltower in the third quarter worth $59,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Welltower during the third quarter valued at $64,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of several research analyst reports. Wells Fargo & Company reiterated 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. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Scotiabank lifted their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $127.63.

Welltower Price Performance

NYSE WELL opened at $129.47 on Friday. The business’s fifty day moving average is $130.61 and its 200 day moving average is $124.11. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market capitalization of $80.62 billion, a PE ratio of 85.18, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. Welltower’s payout ratio is currently 176.32%.

Welltower 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.