Welltower Inc. (NYSE:WELL) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,004 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Appleton Partners Inc. MA’s holdings in Welltower were worth $3,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WELL. First Foundation Advisors acquired a new position in Welltower in the 2nd quarter valued at about $26,000. Rise Advisors LLC acquired a new position in Welltower in the 1st quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new position in Welltower in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in Welltower in the 2nd quarter valued at about $30,000. Finally, Manchester Capital Management LLC grew its position in Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp lifted their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Morgan Stanley lifted their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Scotiabank boosted their target price on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Royal Bank of Canada boosted their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, Wolfe Research upgraded Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Trading Down 0.4 %

Shares of WELL stock opened at $127.11 on Thursday. The business’s fifty day moving average price is $120.79 and its 200 day moving average price is $106.67. Welltower Inc. has a 1-year low of $78.38 and a 1-year high of $131.31. The firm has a market capitalization of $76.00 billion, a PE ratio of 156.93, a P/E/G ratio of 2.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 2.21% and a net margin of 8.36%. Welltower’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. As a group, sell-side analysts forecast that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio is currently 330.86%.

Welltower Profile

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.