Captrust Financial Advisors Decreases Stock Position in Welltower Inc. (NYSE:WELL)

Captrust Financial Advisors lessened its position in shares of Welltower Inc. (NYSE:WELL) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,170 shares of the real estate investment trust’s stock after selling 4,354 shares during the period. Captrust Financial Advisors’ holdings in Welltower were worth $10,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc increased its holdings in shares of Welltower by 19.4% in the first quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock valued at $2,558,000 after purchasing an additional 4,444 shares during the period. Cetera Investment Advisers grew its position in Welltower by 527.5% during the first quarter. Cetera Investment Advisers now owns 82,174 shares of the real estate investment trust’s stock valued at $7,678,000 after acquiring an additional 69,078 shares during the period. Cetera Advisors LLC increased its position in shares of Welltower by 17.4% in the first quarter. Cetera Advisors LLC now owns 23,171 shares of the real estate investment trust’s stock worth $2,165,000 after acquiring an additional 3,429 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Welltower by 26.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,865 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 394 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in Welltower by 11.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,941 shares of the real estate investment trust’s stock worth $202,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Down 0.8 %

NYSE WELL opened at $138.18 on Monday. The firm’s 50 day moving average price is $132.24 and its two-hundred day moving average price is $118.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The stock has a market cap of $86.04 billion, a price-to-earnings ratio of 90.91, a PEG ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is presently 176.32%.

Analyst Ratings Changes

A number of brokerages have commented on WELL. Scotiabank boosted their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

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.