Harbour Trust & Investment Management Co Sells 178 Shares of Welltower Inc. (NYSE:WELL)

Harbour Trust & Investment Management Co lowered its holdings in Welltower Inc. (NYSE:WELL) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,545 shares of the real estate investment trust’s stock after selling 178 shares during the period. Harbour Trust & Investment Management Co’s holdings in Welltower were worth $7,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WELL. Sound Income Strategies LLC increased its position in shares of Welltower by 190.9% in the first quarter. Sound Income Strategies LLC now owns 509 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 334 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Welltower by 4.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,676 shares of the real estate investment trust’s stock worth $10,996,000 after acquiring an additional 4,506 shares during the period. 180 Wealth Advisors LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $234,000. O ROURKE & COMPANY Inc increased its stake in Welltower by 0.8% in the first quarter. O ROURKE & COMPANY Inc now owns 16,236 shares of the real estate investment trust’s stock valued at $1,517,000 after acquiring an additional 129 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Welltower by 17.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 53,732 shares of the real estate investment trust’s stock valued at $5,021,000 after purchasing an additional 7,849 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the topic of several recent analyst reports. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Royal Bank of Canada increased their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Stock Up 0.2 %

Welltower stock opened at $132.04 on Friday. The firm has a 50 day moving average price of $125.03 and a two-hundred day moving average price of $110.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower Inc. has a 52-week low of $80.80 and a 52-week high of $132.54. The firm has a market cap of $78.95 billion, a price-to-earnings ratio of 163.01, a PEG ratio of 2.87 and a beta of 1.21.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. Welltower’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts predict that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Monday, August 12th. Welltower’s payout ratio is presently 330.86%.

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.