Welltower Inc. (NYSE:WELL) Position Reduced by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 1.4% during the third quarter, HoldingsChannel reports. The fund owned 19,109 shares of the real estate investment trust’s stock after selling 268 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Welltower were worth $2,447,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in Welltower by 5.8% during the 3rd quarter. CIBC Asset Management Inc now owns 84,541 shares of the real estate investment trust’s stock valued at $10,824,000 after buying an additional 4,622 shares during the period. Balboa Wealth Partners grew its position in Welltower by 42.8% during the third quarter. Balboa Wealth Partners now owns 3,758 shares of the real estate investment trust’s stock valued at $481,000 after purchasing an additional 1,126 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Welltower by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 11,891 shares of the real estate investment trust’s stock valued at $1,522,000 after purchasing an additional 205 shares in the last quarter. Impax Asset Management Group plc grew its position in Welltower by 23.5% during the third quarter. Impax Asset Management Group plc now owns 36,375 shares of the real estate investment trust’s stock valued at $4,657,000 after purchasing an additional 6,927 shares in the last quarter. Finally, ING Groep NV purchased a new position in Welltower during the third quarter valued at approximately $3,481,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Shares of WELL opened at $134.42 on Friday. The firm has a market cap of $83.70 billion, a PE ratio of 88.43, a price-to-earnings-growth ratio of 3.03 and a beta of 1.20. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The business’s 50 day moving average price is $129.77 and its two-hundred day moving average price is $114.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

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

Welltower Dividend Announcement

The firm also recently declared 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 dividend yield of 1.99%. Welltower’s payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Evercore ISI upped their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.