Inspire Investing LLC Sells 258 Shares of Welltower Inc. (NYSE:WELL)

Inspire Investing LLC trimmed its position in shares of Welltower Inc. (NYSE:WELL) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,066 shares of the real estate investment trust’s stock after selling 258 shares during the period. Welltower accounts for approximately 0.8% of Inspire Investing LLC’s portfolio, making the stock its 13th largest holding. Inspire Investing LLC’s holdings in Welltower were worth $7,066,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after buying an additional 5,982,711 shares in the last quarter. FMR LLC grew its stake in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after buying an additional 3,977,845 shares during the last quarter. Duff & Phelps Investment Management Co. bought a new position in shares of Welltower during the second quarter valued at about $254,977,000. Wellington Management Group LLP grew its stake in shares of Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Scotiabank raised their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $127.63.

Welltower Price Performance

Shares of NYSE WELL opened at $131.17 on Thursday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The firm has a market cap of $81.68 billion, a P/E ratio of 86.30, a PEG ratio of 2.69 and a beta of 1.22. The company has a 50 day moving average of $130.15 and a 200 day moving average of $124.95.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $0.92 EPS. The company’s revenue was up 23.7% on a year-over-year basis. As a group, research analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio 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.