Venture Visionary Partners LLC Sells 4,701 Shares of Welltower Inc. (NYSE:WELL)

Venture Visionary Partners LLC decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,067 shares of the real estate investment trust’s stock after selling 4,701 shares during the period. Venture Visionary Partners LLC’s holdings in Welltower were worth $10,635,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WELL. Connors Investor Services Inc. grew its position in Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after purchasing an additional 11,238 shares in the last quarter. Nordea Investment Management AB raised its position in Welltower by 88.1% during the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock valued at $104,072,000 after purchasing an additional 523,656 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after purchasing an additional 849,898 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Welltower by 147.9% in the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock valued at $2,083,000 after purchasing an additional 13,300 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. bought a new position in shares of Welltower in the 2nd quarter valued at $674,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 1.6 %

Welltower stock traded down $2.18 during midday trading on Monday, reaching $130.06. The stock had a trading volume of 2,414,187 shares, compared to its average volume of 2,696,538. Welltower Inc. has a 12 month low of $80.80 and a 12 month high of $132.54. The company has a market capitalization of $77.76 billion, a P/E ratio of 163.26, a PEG ratio of 2.87 and a beta of 1.21. The company has a fifty day moving average price of $124.22 and a two-hundred day moving average price of $109.70. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.90 earnings per share. As a group, equities analysts expect that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were issued a $0.67 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio (DPR) is presently 330.86%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WELL. Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Wedbush raised their price objective on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada raised their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.38.

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.