Westover Capital Advisors LLC Lowers Stock Holdings in Welltower Inc. (NYSE:WELL)

Westover Capital Advisors LLC reduced its position in Welltower Inc. (NYSE:WELL) by 4.4% in the 4th quarter, Holdings Channel reports. The fund owned 31,233 shares of the real estate investment trust’s stock after selling 1,440 shares during the period. Welltower makes up about 0.9% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Westover Capital Advisors LLC’s holdings in Welltower were worth $3,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Welltower by 638.0% in the 3rd 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 worth $886,022,000 after acquiring an additional 5,982,711 shares during the period. FMR LLC boosted its holdings in shares of Welltower by 38.1% in the 3rd 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. Wellington Management Group LLP boosted its holdings in shares of Welltower by 10.6% in the 3rd 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. Proficio Capital Partners LLC boosted its holdings in shares of Welltower by 31,188.5% in the 4th quarter. Proficio Capital Partners LLC now owns 510,002 shares of the real estate investment trust’s stock valued at $64,276,000 after purchasing an additional 508,372 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WELL has been the topic of a number of research analyst reports. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $145.00 to $167.00 in a report on Friday, February 14th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Mizuho lifted their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Raymond James lifted their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.96.

Welltower Stock Performance

Shares of WELL stock opened at $156.91 on Tuesday. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $157.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market capitalization of $100.63 billion, a P/E ratio of 100.58, a P/E/G ratio of 2.87 and a beta of 1.23. The company’s fifty day moving average price is $136.98 and its two-hundred day moving average price is $131.87.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is currently 171.79%.

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.