Community Bank & Trust Waco Texas Reduces Position in Welltower Inc. (NYSE:WELL)

Community Bank & Trust Waco Texas reduced its stake in Welltower Inc. (NYSE:WELL) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,467 shares of the real estate investment trust’s stock after selling 1,176 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Welltower were worth $763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new stake in shares of Welltower during the 4th quarter valued at $25,000. Headlands Technologies LLC grew its position in shares of Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 259 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in Welltower by 117.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 185 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 194 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in Welltower in the 3rd quarter worth approximately $38,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of Welltower stock remained flat at $92.93 on Wednesday. 628,250 shares of the stock were exchanged, compared to its average volume of 2,524,539. Welltower Inc. has a 52-week low of $72.47 and a 52-week high of $94.63. The firm’s 50-day moving average price is $92.03 and its 200 day moving average price is $89.25. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. The stock has a market cap of $54.93 billion, a PE ratio of 145.28, a P/E/G ratio of 2.32 and a beta of 1.08.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the company earned $0.83 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. On average, analysts forecast that Welltower Inc. will post 4.04 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s dividend payout ratio (DPR) is currently 381.26%.

Analysts Set New Price Targets

WELL has been the topic of a number of research reports. Mizuho lifted their price target on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective for the company. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. BNP Paribas started coverage on Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. Finally, Scotiabank cut their target price on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.57.

Welltower Profile

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.