Welltower Inc. (NYSE:WELL) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in Welltower Inc. (NYSE:WELL) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,702 shares of the real estate investment trust’s stock after selling 681 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Welltower were worth $4,247,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WELL. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower during the 4th quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new stake in Welltower during the fourth quarter worth $26,000. Sierra Ocean LLC purchased a new stake in Welltower in the fourth quarter valued at $28,000. Versant Capital Management Inc lifted its stake in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Welltower during the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

WELL has been the topic of several research analyst reports. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. Bank of America boosted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Raymond James increased their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Finally, Mizuho upped their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.96.

Welltower Trading Up 1.3 %

NYSE WELL opened at $153.54 on Friday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $153.90. The firm has a 50 day moving average of $136.36 and a two-hundred day moving average of $131.48. The stock has a market capitalization of $98.47 billion, a PE ratio of 98.42, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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%. As a group, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 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.