Avidian Wealth Enterprises LLC Sells 117 Shares of Welltower Inc. (NYSE:WELL)

Avidian Wealth Enterprises LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,357 shares of the real estate investment trust’s stock after selling 117 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Welltower were worth $297,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in Welltower in the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC lifted its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the period. Versant Capital Management Inc lifted its stake in Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the period. Ashton Thomas Securities LLC acquired a new position in Welltower in the third quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC acquired a new position in Welltower in the third quarter valued at approximately $59,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on WELL shares. Bank of America boosted their price target on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Scotiabank upped their target price on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. Mizuho upped their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Raymond James upped their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Trading Up 3.4 %

NYSE WELL opened at $151.42 on Friday. The firm has a market capitalization of $94.29 billion, a P/E ratio of 99.62, a PEG ratio of 2.83 and a beta of 1.23. The business has a fifty day simple moving average of $130.99 and a 200 day simple moving average of $128.40. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $151.96. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. On average, analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.77%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

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.