Mystic Asset Management Inc. Sells 500 Shares of Welltower Inc. (NYSE:WELL)

Mystic Asset Management Inc. reduced its holdings in Welltower Inc. (NYSE:WELL) by 22.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,765 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Mystic Asset Management Inc.’s holdings in Welltower were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings 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 buying an additional 1,797,330 shares in the last quarter. FMR LLC grew its holdings in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after buying an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Welltower by 638.0% during the third 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 buying an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Welltower by 0.8% during the third 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 buying an additional 46,332 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Welltower by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock worth $489,585,000 after buying an additional 117,170 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their price target for the company from $145.00 to $167.00 in a research note on Friday, February 14th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Scotiabank raised their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $156.46.

Welltower Stock Performance

NYSE:WELL opened at $149.92 on Wednesday. The stock has a market cap of $96.14 billion, a P/E ratio of 96.10, a PEG ratio of 2.87 and a beta of 1.20. The stock has a 50 day simple moving average of $142.19 and a 200 day simple moving average of $134.25. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55.

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

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.79%. Welltower’s payout ratio is currently 171.79%.

Welltower Company 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.