44 Wealth Management LLC Sells 209 Shares of Welltower Inc. (NYSE:WELL)

44 Wealth Management LLC trimmed its stake in Welltower Inc. (NYSE:WELL) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,528 shares of the real estate investment trust’s stock after selling 209 shares during the period. 44 Wealth Management LLC’s holdings in Welltower were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Mather Group LLC. raised its holdings in shares of Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 75 shares during the period. Childress Capital Advisors LLC raised its holdings in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 76 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares during the period. Old North State Wealth Management LLC raised its holdings in shares of Welltower by 0.6% in the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 78 shares during the period. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Welltower by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after buying an additional 82 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Trading Down 1.1 %

Shares of NYSE:WELL opened at $148.69 on Friday. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $152.81. The business’s fifty day simple moving average is $133.83 and its 200-day simple moving average is $130.25. The company has a market capitalization of $95.35 billion, a PE ratio of 95.31, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a $0.67 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. Welltower’s payout ratio is 171.79%.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Raymond James raised their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Mizuho raised their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Bank of America raised their price objective on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

Welltower 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.