Pettyjohn Wood & White Inc. Sells 305 Shares of Welltower Inc. (NYSE:WELL)

Pettyjohn Wood & White Inc. lowered its stake in Welltower Inc. (NYSE:WELL) by 8.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,444 shares of the real estate investment trust’s stock after selling 305 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Welltower were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Welltower by 19.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,566 shares of the real estate investment trust’s stock worth $2,633,000 after acquiring an additional 3,335 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Welltower in the 3rd quarter worth $222,000. First Trust Direct Indexing L.P. grew its holdings in Welltower by 18.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,919 shares of the real estate investment trust’s stock worth $2,678,000 after acquiring an additional 3,285 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Welltower by 2.2% during the third quarter. Pinnacle Associates Ltd. now owns 61,590 shares of the real estate investment trust’s stock valued at $7,885,000 after buying an additional 1,344 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WELL. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho raised their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.19.

Welltower Stock Performance

Shares of WELL opened at $151.54 on Friday. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $152.81. The stock has a market capitalization of $97.18 billion, a P/E ratio of 97.14, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company’s fifty day moving average is $135.78 and its two-hundred day moving average is $131.13.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.77%. Welltower’s dividend payout ratio is currently 171.79%.

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.