Integrated Wealth Concepts LLC Sells 646 Shares of Welltower Inc. (NYSE:WELL)

Integrated Wealth Concepts LLC cut its stake in shares of Welltower Inc. (NYSE:WELL) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,956 shares of the real estate investment trust’s stock after selling 646 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Welltower were worth $763,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WELL. Wedmont Private Capital raised its holdings in Welltower by 33.3% in the second quarter. Wedmont Private Capital now owns 6,872 shares of the real estate investment trust’s stock worth $716,000 after buying an additional 1,716 shares during the last quarter. M&G Plc purchased a new position in Welltower in the 2nd quarter worth approximately $331,000. Burke & Herbert Bank & Trust Co. bought a new position in Welltower in the 2nd quarter valued at approximately $674,000. Friedenthal Financial bought a new stake in shares of Welltower in the 2nd quarter worth $50,000. Finally, Diversified Trust Co raised its stake in shares of Welltower by 141.1% in the second quarter. Diversified Trust Co now owns 9,534 shares of the real estate investment trust’s stock worth $994,000 after purchasing an additional 5,579 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WELL. Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Scotiabank boosted their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average price target of $120.77.

Welltower Trading Down 1.5 %

Shares of NYSE:WELL opened at $129.45 on Tuesday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The company has a market cap of $80.61 billion, a PE ratio of 85.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20. The stock has a 50 day moving average of $132.77 and a 200 day moving average of $119.80. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities research analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. Welltower’s payout ratio is 176.32%.

Welltower Company 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.