Orion Capital Management LLC Sells 100 Shares of Welltower Inc. (NYSE:WELL)

Orion Capital Management LLC trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,120 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Orion Capital Management LLC’s holdings in Welltower were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geller Advisors LLC increased its holdings in shares of Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 69 shares during the period. Mather Group LLC. grew its position in Welltower by 3.8% during 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 in the last quarter. Childress Capital Advisors LLC increased its stake in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 76 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 81 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 83 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Evercore ISI increased their price target on shares of Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a report on Thursday, May 1st. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Scotiabank upped 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. Finally, Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $161.83.

Welltower Stock Up 0.3%

WELL opened at $151.14 on Wednesday. Welltower Inc. has a 12 month low of $99.77 and a 12 month high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $147.61 and its 200-day moving average price is $140.46. The company has a market cap of $98.84 billion, a P/E ratio of 96.88, a P/E/G ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, May 14th. Welltower’s payout ratio is 154.02%.

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.