Cambridge Investment Research Advisors Inc. Decreases Holdings in Welltower Inc. (NYSE:WELL)

Cambridge Investment Research Advisors Inc. decreased its position in shares of Welltower Inc. (NYSE:WELL) by 0.9% in the 1st quarter, Holdings Channel reports. The fund owned 35,251 shares of the real estate investment trust’s stock after selling 306 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Welltower were worth $5,401,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in WELL. Vestmark Advisory Solutions Inc. lifted its position in Welltower by 120.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after purchasing an additional 7,872 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock valued at $68,666,000 after buying an additional 128,090 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Welltower by 17.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after acquiring an additional 285,015 shares during the period. Groupama Asset Managment lifted its holdings in Welltower by 23,204.3% in the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust’s stock valued at $2,183,000 after acquiring an additional 1,891,847 shares during the period. Finally, Williamson Legacy Group LLC bought a new position in shares of Welltower in the fourth quarter worth about $811,000. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WELL shares. Scotiabank restated an “outperform” rating on shares of Welltower in a report on Monday. Wells Fargo & Company boosted their price target on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Evercore ISI boosted their target price on Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a research note on Thursday, May 1st. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Wedbush reaffirmed an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.75.

Welltower Trading Down 0.8%

NYSE WELL opened at $152.20 on Friday. The firm’s 50 day moving average price is $150.50 and its two-hundred day moving average price is $143.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. Welltower Inc. has a twelve month low of $102.92 and a twelve month high of $158.55. The stock has a market cap of $99.53 billion, a price-to-earnings ratio of 87.47, a PEG ratio of 1.79 and a beta of 0.94.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.76%. Welltower’s payout ratio is 154.02%.

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.