Westover Capital Advisors LLC Reduces Holdings in Welltower Inc. (NYSE:WELL)

Westover Capital Advisors LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,233 shares of the real estate investment trust’s stock after selling 1,440 shares during the quarter. Welltower makes up about 0.9% of Westover Capital Advisors LLC’s holdings, making the stock its 25th largest position. Westover Capital Advisors LLC’s holdings in Welltower were worth $3,936,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama boosted its stake in shares of Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after buying an additional 16,946 shares during the period. Barclays PLC boosted its stake in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after buying an additional 380,888 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after buying an additional 2,250 shares during the period. Nordea Investment Management AB boosted its stake in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after buying an additional 324,520 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Welltower during the fourth quarter worth about $367,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 2.2 %

Shares of WELL opened at $156.91 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a 50 day simple moving average of $136.98 and a 200-day simple moving average of $131.87. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $157.16. The stock has a market cap of $100.63 billion, a price-to-earnings ratio of 100.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.71%. Welltower’s dividend payout ratio (DPR) is 171.79%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WELL shares. Mizuho raised their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Scotiabank raised their price objective on shares of Welltower from $144.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.96.

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.