Border to Coast Pensions Partnership Ltd Sells 10,000 Shares of Welltower Inc. (NYSE:WELL)

Border to Coast Pensions Partnership Ltd trimmed its stake in Welltower Inc. (NYSE:WELL) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 415,000 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Welltower makes up approximately 1.0% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its 28th biggest holding. Border to Coast Pensions Partnership Ltd’s holdings in Welltower were worth $52,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of Welltower during the fourth quarter valued at about $25,000. Fortitude Family Office LLC lifted its stake in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares during the period. Ashton Thomas Securities LLC bought a new position in Welltower during the 3rd quarter worth approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in Welltower in the 3rd quarter worth approximately $59,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of analyst reports. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Raymond James raised their price target 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. Mizuho upped their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Scotiabank boosted their price target on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $127.63.

Welltower Trading Up 1.7 %

NYSE WELL opened at $128.73 on Friday. 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. The stock’s fifty day moving average price is $130.78 and its 200-day moving average price is $124.08. The stock has a market cap of $80.16 billion, a P/E ratio of 84.69, a P/E/G ratio of 2.52 and a beta of 1.22.

Welltower (NYSE:WELL) last released 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). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, equities analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.08%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

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.