HF Advisory Group LLC Sells 776 Shares of Welltower Inc. (NYSE:WELL)

HF Advisory Group LLC cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,351 shares of the real estate investment trust’s stock after selling 776 shares during the period. HF Advisory Group LLC’s holdings in Welltower were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Retirement Systems of Alabama raised its stake in shares of Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after acquiring an additional 16,946 shares during the last quarter. Diversified Trust Co increased its position in Welltower by 93.8% in the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock worth $2,365,000 after purchasing an additional 8,940 shares during the period. Barclays PLC raised its stake in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after buying an additional 380,888 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Welltower by 28.1% in the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after buying an additional 324,520 shares during the period. Finally, Duff & Phelps Investment Management Co. acquired a new position in Welltower in the second quarter valued at approximately $254,977,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Raymond James increased their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.63.

Welltower Price Performance

Shares of WELL opened at $129.47 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $130.44 and its 200 day simple moving average is $124.29. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The company has a market cap of $80.62 billion, a price-to-earnings ratio of 85.18, a PEG ratio of 2.52 and a beta of 1.22.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm earned $0.92 EPS. Welltower’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.07%. Welltower’s dividend payout ratio (DPR) 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.