Welltower Inc. (NYSE:WELL) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its holdings in Welltower Inc. (NYSE:WELLFree Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,095 shares of the real estate investment trust’s stock after selling 699 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Welltower were worth $550,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WELL. Vanguard Group Inc. increased its position in shares of Welltower by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock valued at $6,615,662,000 after purchasing an additional 2,156,673 shares during the period. BlackRock Inc. grew its holdings in shares of Welltower by 5.8% in the 2nd quarter. BlackRock Inc. now owns 53,409,103 shares of the real estate investment trust’s stock worth $4,320,262,000 after acquiring an additional 2,929,873 shares during the last quarter. State Street Corp grew its holdings in shares of Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 32,229,401 shares of the real estate investment trust’s stock worth $2,607,036,000 after acquiring an additional 1,419,482 shares during the last quarter. Norges Bank acquired a new position in shares of Welltower in the 4th quarter worth $1,104,830,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Welltower by 25.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock worth $1,058,848,000 after acquiring an additional 2,596,718 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Down 0.3 %

Welltower stock opened at $91.01 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. The business’s 50-day simple moving average is $90.61 and its 200-day simple moving average is $87.99. The firm has a market capitalization of $51.77 billion, a PE ratio of 142.21, a PEG ratio of 2.32 and a beta of 1.08. Welltower Inc. has a 52 week low of $67.05 and a 52 week high of $94.63.

Welltower (NYSE:WELLGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities research analysts forecast that Welltower Inc. will post 4.02 earnings per share for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.68%. Welltower’s dividend payout ratio is 381.26%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WELL shares. Royal Bank of Canada cut Welltower from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $92.00 to $97.00 in a research report on Tuesday, November 28th. BNP Paribas started coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price for the company. Scotiabank decreased their target price on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. JPMorgan Chase & Co. raised Welltower from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $92.00 to $99.00 in a research report on Monday, December 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Check Out Our Latest Stock Report on WELL

About Welltower

(Free Report)

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

See Also

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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