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

Envestnet Asset Management Inc. cut its stake in Welltower Inc. (NYSE:WELL) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 458,454 shares of the real estate investment trust’s stock after selling 39,017 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Welltower worth $57,779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WELL. Laurel Wealth Advisors LLC purchased a new position in Welltower during the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in Welltower during the 4th quarter valued at about $26,000. Sierra Ocean LLC purchased a new position in Welltower during the 4th quarter valued at about $28,000. Versant Capital Management Inc boosted 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 buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in shares of Welltower in the 4th quarter valued at about $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Up 3.8 %

WELL stock opened at $141.61 on Thursday. The stock has a market capitalization of $91.82 billion, a PE ratio of 90.78, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. The company has a fifty day moving average of $147.84 and a 200-day moving average of $136.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent research reports. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Evercore ISI lifted their price objective on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. Finally, Raymond James lifted their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.46.

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.