Ingalls & Snyder LLC Sells 80 Shares of Welltower Inc. (NYSE:WELL)

Ingalls & Snyder LLC trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,246 shares of the real estate investment trust’s stock after selling 80 shares during the quarter. Ingalls & Snyder LLC’s holdings in Welltower were worth $800,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Foundation Advisors purchased a new position in shares of Welltower in the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower in the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the second quarter worth $30,000. Fortitude Family Office LLC grew its holdings 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 valued at $37,000 after buying an additional 78 shares during the last quarter. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower in the 2nd quarter valued at $31,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Evercore ISI increased their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Stock Performance

Shares of Welltower stock opened at $132.86 on Wednesday. The business’s 50 day moving average price is $132.45 and its 200 day moving average price is $118.93. The company has a market cap of $82.73 billion, a price-to-earnings ratio of 87.41, a PEG ratio of 3.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75.

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 the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm posted $0.92 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. On average, research analysts predict that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.02%. Welltower’s dividend payout ratio is currently 176.32%.

About Welltower

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.