Nicola Wealth Management LTD. Sells 4,200 Shares of Welltower Inc. (NYSE:WELL)

Nicola Wealth Management LTD. reduced its position in Welltower Inc. (NYSE:WELL) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,795 shares of the real estate investment trust’s stock after selling 4,200 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Welltower were worth $2,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Foundation Advisors acquired a new stake in shares of Welltower during the second quarter worth approximately $26,000. TruNorth Capital Management LLC acquired a new stake in Welltower during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. bought a new position in Welltower in the 2nd quarter valued at $30,000. Centerpoint Advisors LLC acquired a new position in Welltower in the second quarter worth $31,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 0.7 %

WELL stock traded down $0.90 during mid-day trading on Thursday, reaching $134.05. The company had a trading volume of 393,901 shares, compared to its average volume of 2,673,076. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The stock has a 50 day simple moving average of $129.77 and a two-hundred day simple moving average of $114.97. The company has a market capitalization of $83.47 billion, a price-to-earnings ratio of 88.82, a PEG ratio of 3.05 and a beta of 1.20. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.19.

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

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.00%. Welltower’s dividend payout ratio is presently 176.32%.

Analyst Ratings Changes

Several brokerages have recently commented on WELL. Royal Bank of Canada increased their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Wedbush raised their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.68.

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.