Inspire Investing LLC Sells 258 Shares of Welltower Inc. (NYSE:WELL)

Inspire Investing LLC lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,066 shares of the real estate investment trust’s stock after selling 258 shares during the period. Welltower comprises approximately 0.8% of Inspire Investing LLC’s investment portfolio, making the stock its 13th largest holding. Inspire Investing LLC’s holdings in Welltower were worth $7,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. raised its stake in Welltower by 44.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,523 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 1,080 shares during the period. AE Wealth Management LLC bought a new stake in Welltower in the second quarter valued at approximately $295,000. Pacer Advisors Inc. raised its stake in Welltower by 12.0% in the second quarter. Pacer Advisors Inc. now owns 42,133 shares of the real estate investment trust’s stock valued at $4,392,000 after buying an additional 4,531 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Welltower by 5.9% during the second quarter. Summit Trail Advisors LLC now owns 2,764 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 153 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in shares of Welltower by 12.0% during the second quarter. 1832 Asset Management L.P. now owns 44,700 shares of the real estate investment trust’s stock worth $4,660,000 after purchasing an additional 4,800 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WELL. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Scotiabank raised their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, Mizuho boosted their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.63.

Welltower Stock Down 1.9 %

WELL stock opened at $131.17 on Thursday. The stock’s 50 day simple moving average is $130.15 and its 200 day simple moving average is $124.95. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $81.68 billion, a P/E ratio of 86.30, a price-to-earnings-growth ratio of 2.69 and a beta of 1.22.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 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.