First Affirmative Financial Network Reduces Holdings in Welltower Inc. (NYSE:WELL)

First Affirmative Financial Network trimmed its stake in Welltower Inc. (NYSE:WELL) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,887 shares of the real estate investment trust’s stock after selling 231 shares during the period. First Affirmative Financial Network’s holdings in Welltower were worth $289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WELL. Roxbury Financial LLC purchased a new stake in shares of Welltower in the 4th quarter worth about $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the 4th quarter worth about $28,000. Franchise Capital Ltd purchased a new stake in shares of Welltower in the 1st quarter worth about $32,000. First Command Advisory Services Inc. purchased a new stake in shares of Welltower in the 4th quarter worth about $50,000. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Welltower in the 4th quarter worth about $53,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of several research reports. 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 research note on Thursday, May 1st. Wall Street Zen lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Morgan Stanley increased their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.25.

Welltower Stock Up 0.9%

NYSE:WELL opened at $154.44 on Friday. The firm has a market cap of $101.00 billion, a P/E ratio of 99.00, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $158.55. The firm has a 50-day simple moving average of $148.04 and a two-hundred day simple moving average of $141.86.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. Analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.74%. Welltower’s dividend payout ratio is presently 154.02%.

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.