Bard Associates Inc. Trims Stock Position in Welltower Inc. (NYSE:WELL)

Bard Associates Inc. reduced its stake in Welltower Inc. (NYSE:WELL) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,384 shares of the real estate investment trust’s stock after selling 503 shares during the quarter. Bard Associates Inc.’s holdings in Welltower were worth $1,842,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Foundation Advisors purchased a new position in Welltower during the 2nd quarter worth $26,000. TruNorth Capital Management LLC acquired a new stake in Welltower in the second quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new stake in Welltower in the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC purchased a new stake in shares of Welltower in the second quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC grew its holdings in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush raised their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Evercore ISI raised their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Royal Bank of Canada boosted their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average price target of $116.68.

Welltower Stock Down 0.4 %

Shares of NYSE WELL opened at $134.42 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $83.70 billion, a PE ratio of 88.43, a P/E/G ratio of 3.03 and a beta of 1.20. The firm has a fifty day moving average of $129.77 and a 200-day moving average of $114.97. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19.

Welltower (NYSE:WELL) last issued its earnings results 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). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. Welltower’s payout ratio is currently 176.32%.

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.