Welltower Inc. (NYSE:WELL) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,144 shares of the real estate investment trust’s stock after selling 447 shares during the period. Forte Capital LLC ADV’s holdings in Welltower were worth $1,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WELL. Principal Financial Group Inc. lifted its stake in shares of Welltower by 25.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock worth $1,058,848,000 after acquiring an additional 2,596,718 shares during the period. Vanguard Group Inc. boosted its stake in Welltower by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock valued at $6,615,662,000 after purchasing an additional 2,156,673 shares in the last quarter. Invesco Ltd. increased its position in shares of Welltower by 22.9% during the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock valued at $695,223,000 after purchasing an additional 1,581,084 shares during the period. Nordea Investment Management AB raised its stake in shares of 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 buying an additional 555,353 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Welltower by 62.6% in the 3rd quarter. Barclays PLC now owns 1,367,437 shares of the real estate investment trust’s stock worth $112,020,000 after buying an additional 526,386 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WELL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target on the stock. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Scotiabank decreased their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. Finally, BNP Paribas initiated coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $95.57.

Welltower Stock Performance

Welltower stock traded down $0.27 on Friday, reaching $95.81. 2,557,328 shares of the stock were exchanged, compared to its average volume of 2,394,857. The stock has a market cap of $57.29 billion, a PE ratio of 118.28, a PEG ratio of 2.42 and a beta of 1.07. The firm has a fifty day moving average price of $92.26 and a two-hundred day moving average price of $89.76. Welltower Inc. has a twelve month low of $72.47 and a twelve month high of $98.19. The company has a current ratio of 3.83, a quick ratio of 3.22 and a debt-to-equity ratio of 0.50.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. Sell-side analysts anticipate that Welltower Inc. will post 4.06 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Welltower 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.