Red Cedar Investment Management LLC Sells 8,730 Shares of Welltower Inc. (NYSE:WELL)

Red Cedar Investment Management LLC decreased its position in Welltower Inc. (NYSE:WELL) by 38.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,256 shares of the real estate investment trust’s stock after selling 8,730 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Welltower were worth $1,797,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in shares of Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 75 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 76 shares in the last quarter. Fortitude Family Office LLC increased 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 valued at $37,000 after acquiring an additional 78 shares in the last quarter. Old North State Wealth Management LLC increased its holdings in shares of Welltower by 0.6% during the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after acquiring an additional 78 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WELL. Scotiabank raised their price target on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday, January 27th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research report on Thursday. Mizuho increased their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Bank of America increased their price objective on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.58.

Welltower Stock Down 0.9 %

WELL stock opened at $150.03 on Friday. The business’s 50-day moving average price is $131.37 and its 200-day moving average price is $128.56. The stock has a market cap of $93.42 billion, a P/E ratio of 98.70, a PEG ratio of 2.83 and a beta of 1.23. 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 Inc. has a twelve month low of $87.87 and a twelve month high of $151.96.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. On average, equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. 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.