Balboa Wealth Partners Cuts Stock Position in Welltower Inc. (NYSE:WELL)

Balboa Wealth Partners trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,523 shares of the real estate investment trust’s stock after selling 1,235 shares during the period. Balboa Wealth Partners’ holdings in Welltower were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WELL. Wellington Management Group LLP lifted its stake in shares of Welltower by 10.6% during 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 in the last quarter. FMR LLC raised its holdings in shares of Welltower by 38.1% during the 3rd 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Welltower by 638.0% during the 3rd 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 acquiring an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Welltower by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after acquiring an additional 46,332 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Welltower by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock valued at $489,585,000 after acquiring an additional 117,170 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL opened at $145.83 on Friday. The stock has a market capitalization of $93.52 billion, a PE ratio of 93.48, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The business’s fifty day moving average price is $140.69 and its 200 day moving average price is $133.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55.

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

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.84%. Welltower’s dividend payout ratio is presently 171.79%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WELL. Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Raymond James boosted 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. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Bank of America increased their price target on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $150.19.

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.