LongView Wealth Management Decreases Stock Position in Welltower Inc. (NYSE:WELL)

LongView Wealth Management lowered its stake in shares of Welltower Inc. (NYSE:WELL) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,978 shares of the real estate investment trust’s stock after selling 166 shares during the quarter. LongView Wealth Management’s holdings in Welltower were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in WELL. Laurel Wealth Advisors LLC bought a new position in Welltower in the 4th quarter worth about $25,000. Fortitude Family Office LLC lifted its stake in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares in the last quarter. Versant Capital Management Inc boosted its stake in Welltower by 165.5% in the 4th 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. Ashton Thomas Securities LLC acquired a new position in Welltower during the third quarter valued at $50,000. Finally, FSA Wealth Management LLC purchased a new position in Welltower during the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 0.6 %

NYSE WELL opened at $129.47 on Friday. The company has a market cap of $80.62 billion, a price-to-earnings ratio of 85.18, a P/E/G ratio of 2.52 and a beta of 1.22. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The business has a 50 day moving average price of $130.61 and a 200-day moving average price of $124.11. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

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

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio is presently 176.32%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent analyst reports. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Scotiabank boosted their price target on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Mizuho boosted their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Raymond James raised their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $127.63.

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.