American Financial Advisors LLC Sells 1,362 Shares of Welltower Inc. (NYSE:WELL)

American Financial Advisors LLC decreased its position in Welltower Inc. (NYSE:WELL) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,407 shares of the real estate investment trust’s stock after selling 1,362 shares during the period. American Financial Advisors LLC’s holdings in Welltower were worth $1,299,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in Welltower by 1,412.2% in the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock worth $54,062,000 after purchasing an additional 555,353 shares during the period. Harbour Trust & Investment Management Co bought a new stake in Welltower in the 4th quarter worth approximately $5,409,000. Koshinski Asset Management Inc. grew its position in Welltower by 55.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 1,458 shares during the period. Envestnet Asset Management Inc. grew its position in Welltower by 27.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock worth $36,643,000 after purchasing an additional 96,046 shares during the period. Finally, Cerity Partners LLC grew its position in Welltower by 57.4% in the 4th quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock worth $15,158,000 after purchasing an additional 61,324 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

WELL has been the subject of a number of recent research reports. Mizuho boosted their price objective on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Scotiabank cut their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. BNP Paribas initiated coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective for the company. KeyCorp boosted their price objective on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.57.

Welltower Price Performance

Shares of Welltower stock traded up $0.51 during trading hours on Friday, reaching $91.32. The company’s stock had a trading volume of 1,901,565 shares, compared to its average volume of 2,559,885. The firm has a 50 day moving average price of $91.76 and a 200-day moving average price of $88.92. Welltower Inc. has a one year low of $72.47 and a one year high of $94.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a market cap of $53.97 billion, a P/E ratio of 142.31, a P/E/G ratio of 2.28 and a beta of 1.08.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts predict that Welltower Inc. will post 4.03 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.67%. Welltower’s payout ratio is 381.26%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.