Commonwealth Equity Services LLC Sells 10,227 Shares of Welltower Inc. (NYSE:WELL)

Commonwealth Equity Services LLC lowered its holdings in shares of Welltower Inc. (NYSE:WELL) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,585 shares of the real estate investment trust’s stock after selling 10,227 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Welltower were worth $10,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its position in Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. FMR LLC lifted its position in Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Welltower by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after purchasing an additional 46,332 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Welltower by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock valued at $489,585,000 after purchasing an additional 117,170 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.9 %

Shares of WELL opened at $149.92 on Wednesday. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The company has a 50-day moving average of $142.19 and a 200 day moving average of $134.25. The firm has a market capitalization of $96.14 billion, a price-to-earnings ratio of 96.10, a PEG ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.79%. Welltower’s dividend payout ratio is currently 171.79%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Raymond James increased their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Wells Fargo & Company increased their target price on shares of Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Scotiabank increased their target price on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Finally, Mizuho increased their target price on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.46.

Welltower Company 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.