Everence Capital Management Inc. Trims Stake in Welltower Inc. (NYSE:WELL)

Everence Capital Management Inc. lessened its position in shares of Welltower Inc. (NYSE:WELL) by 9.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,000 shares of the real estate investment trust’s stock after selling 1,680 shares during the quarter. Everence Capital Management Inc.’s holdings in Welltower were worth $2,016,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WELL. First Foundation Advisors purchased a new stake in shares of Welltower in the second quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in shares of Welltower in the second quarter valued at approximately $30,000. Fortitude Family Office LLC raised its stake in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Welltower by 165.5% during the fourth 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 during the period. Finally, Ashton Thomas Securities LLC purchased a new position in Welltower in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WELL. Evercore ISI increased their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their price target for the company from $132.00 to $147.00 in a report on Thursday. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Raymond James boosted their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Finally, Scotiabank raised their price objective on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus target price of $127.63.

Welltower Stock Up 0.9 %

WELL opened at $125.82 on Friday. The firm has a market cap of $78.35 billion, a P/E ratio of 82.78, a PEG ratio of 2.90 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $132.31 and its 200 day simple moving average is $122.52. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75.

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

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

About Welltower

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.