Welltower Inc. (NYSE:WELL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,783 shares of the real estate investment trust’s stock after selling 12,326 shares during the period. Nisa Investment Advisors LLC’s holdings in Welltower were worth $37,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower in the 4th quarter valued at $25,000. Fortitude Family Office LLC grew its stake in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Welltower in the third quarter worth about $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Welltower in the third quarter worth about $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Up 3.3 %

WELL stock opened at $133.61 on Wednesday. The company has a market cap of $83.19 billion, a price-to-earnings ratio of 87.90, a PEG ratio of 2.61 and a beta of 1.22. The firm has a 50-day moving average of $130.27 and a two-hundred day moving average of $124.72. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (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 analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. As a group, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is presently 176.32%.

Analysts Set New Price Targets

WELL has been the topic of several research reports. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho raised their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Raymond James boosted 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 analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.63.

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.