Balboa Wealth Partners Has $257,000 Position in Welltower Inc. (NYSE:WELL)

Balboa Wealth Partners lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 18.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,846 shares of the real estate investment trust’s stock after selling 629 shares during the period. Balboa Wealth Partners’ holdings in Welltower were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in Welltower during the fourth quarter valued at approximately $25,000. Headlands Technologies LLC grew its holdings in Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 194 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Welltower during the third quarter valued at approximately $38,000. Finally, Rational Advisors LLC acquired a new position in Welltower during the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on WELL. Mizuho increased their price target on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective for the company. BNP Paribas began coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. Scotiabank increased their price objective on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $96.93.

Welltower Stock Performance

WELL stock traded down $0.32 during midday trading on Thursday, hitting $101.55. The stock had a trading volume of 475,576 shares, compared to its average volume of 2,477,851. The firm has a market capitalization of $60.72 billion, a price-to-earnings ratio of 125.42, a P/E/G ratio of 2.40 and a beta of 1.07. Welltower Inc. has a 52 week low of $72.47 and a 52 week high of $102.66. The stock has a 50-day simple moving average of $94.18 and a 200 day simple moving average of $91.19. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, equities research analysts anticipate that Welltower Inc. will post 4.11 earnings per share for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.40%. Welltower’s payout ratio is presently 301.23%.

About Welltower

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.