Arkadios Wealth Advisors Has $1.24 Million Holdings in Welltower Inc. (NYSE:WELL)

Arkadios Wealth Advisors cut its position in shares of Welltower Inc. (NYSE:WELLGet Rating) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,993 shares of the real estate investment trust’s stock after selling 602 shares during the quarter. Arkadios Wealth Advisors’ holdings in Welltower were worth $1,235,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Gateway Investment Advisers LLC grew its holdings in shares of Welltower by 0.6% during the second quarter. Gateway Investment Advisers LLC now owns 45,720 shares of the real estate investment trust’s stock valued at $3,765,000 after buying an additional 277 shares during the last quarter. PFG Advisors grew its holdings in shares of Welltower by 1.6% during the second quarter. PFG Advisors now owns 22,671 shares of the real estate investment trust’s stock valued at $1,867,000 after buying an additional 366 shares during the last quarter. Sarasin & Partners LLP lifted its position in shares of Welltower by 0.3% during the second quarter. Sarasin & Partners LLP now owns 56,427 shares of the real estate investment trust’s stock valued at $4,647,000 after purchasing an additional 185 shares in the last quarter. Allworth Financial LP lifted its position in shares of Welltower by 22.8% during the second quarter. Allworth Financial LP now owns 1,704 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 316 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Welltower by 8.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,837 shares of the real estate investment trust’s stock valued at $3,528,000 after purchasing an additional 3,257 shares in the last quarter. 97.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. KeyCorp dropped their price target on shares of Welltower from $98.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Capital One Financial initiated coverage on shares of Welltower in a research report on Friday, June 3rd. They set an “overweight” rating and a $95.00 price target on the stock. Evercore ISI set a $99.00 price target on shares of Welltower in a research report on Monday, June 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Welltower in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average target price of $94.79.

Welltower Trading Down 1.1 %

Welltower stock opened at $68.25 on Friday. The stock has a market cap of $30.98 billion, a P/E ratio of 76.69, a PEG ratio of 3.55 and a beta of 0.98. Welltower Inc. has a fifty-two week low of $67.24 and a fifty-two week high of $99.43. The firm’s fifty day moving average price is $79.02 and its 200-day moving average price is $85.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.19 and a current ratio of 2.19.

Welltower (NYSE:WELLGet Rating) last released its quarterly earnings results on Tuesday, August 9th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.65). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. Welltower had a return on equity of 2.09% and a net margin of 7.20%. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. Equities research analysts forecast that Welltower Inc. will post 3.4 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $2.44 dividend on an annualized basis and a yield of 3.58%. Welltower’s dividend payout ratio is presently 274.16%.

Welltower Company Profile

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Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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