Atria Wealth Solutions Inc. Sells 1,444 Shares of Welltower Inc. (NYSE:WELL)

Atria Wealth Solutions Inc. cut its position in Welltower Inc. (NYSE:WELL) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,368 shares of the real estate investment trust’s stock after selling 1,444 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Welltower were worth $1,937,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Empower Advisory Group LLC bought a new position in Welltower in the fourth quarter valued at about $202,000. Truist Financial Corp raised its position in shares of Welltower by 6.9% during the fourth quarter. Truist Financial Corp now owns 35,441 shares of the real estate investment trust’s stock worth $4,467,000 after acquiring an additional 2,274 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Welltower by 6.5% during the fourth quarter. CIBC Asset Management Inc now owns 90,036 shares of the real estate investment trust’s stock worth $11,347,000 after acquiring an additional 5,495 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Welltower by 3.6% during the fourth quarter. Sanctuary Advisors LLC now owns 159,160 shares of the real estate investment trust’s stock worth $21,834,000 after acquiring an additional 5,574 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Welltower by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 464,337 shares of the real estate investment trust’s stock worth $58,520,000 after acquiring an additional 6,741 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WELL has been the subject of a number of analyst reports. 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 research report on Friday, February 14th. 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 research report on Thursday, January 2nd. Bank of America raised their price objective on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Raymond James raised their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Finally, Scotiabank raised their target price on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

Welltower Trading Down 1.1 %

Shares of Welltower stock opened at $148.69 on Friday. 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 52 week low of $87.87 and a 52 week high of $152.81. The stock has a 50 day moving average price of $133.83 and a two-hundred day moving average price of $130.25. The stock has a market capitalization of $95.35 billion, a PE ratio of 95.31, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 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 analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. Welltower’s payout ratio is 171.79%.

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.