Spinnaker Trust Has $2.97 Million Position in Welltower Inc. (NYSE:WELL)

Spinnaker Trust decreased its holdings in Welltower Inc. (NYSE:WELL) by 2.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,960 shares of the real estate investment trust’s stock after selling 976 shares during the period. Spinnaker Trust’s holdings in Welltower were worth $2,972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Welltower by 1,412.2% in the fourth 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 in the last quarter. Harbour Trust & Investment Management Co bought a new stake in shares of Welltower in the 4th quarter valued at approximately $5,409,000. Koshinski Asset Management Inc. raised its holdings in shares of 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 buying an additional 1,458 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Welltower by 27.3% during 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 buying an additional 96,046 shares during the period. Finally, Cerity Partners LLC boosted its stake 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 valued at $15,158,000 after buying an additional 61,324 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of several recent analyst reports. BNP Paribas assumed coverage on Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective for the company. Scotiabank cut their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a report on Monday, March 4th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective for the company. Finally, Mizuho increased their price target on Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $95.57.

Welltower Stock Up 0.4 %

Shares of WELL stock traded up $0.34 on Friday, hitting $94.34. 1,796,775 shares of the stock were exchanged, compared to its average volume of 2,541,948. The firm has a market capitalization of $55.76 billion, a P/E ratio of 147.41, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $94.99. The business has a 50-day moving average of $92.06 and a 200 day moving average of $89.40. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Welltower’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Equities analysts anticipate that Welltower Inc. will post 4.04 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Thursday, February 22nd. Welltower’s dividend payout ratio (DPR) is presently 381.26%.

About Welltower

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.