Venture Visionary Partners LLC Lowers Stock Holdings in Welltower Inc. (NYSE:WELL)

Venture Visionary Partners LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 5.4% during the third quarter, HoldingsChannel reports. The firm owned 83,067 shares of the real estate investment trust’s stock after selling 4,701 shares during the period. Venture Visionary Partners LLC’s holdings in Welltower were worth $10,635,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its position in Welltower by 6.6% during the 1st quarter. Park Avenue Securities LLC now owns 12,178 shares of the real estate investment trust’s stock valued at $1,138,000 after acquiring an additional 756 shares in the last quarter. &PARTNERS bought a new stake in shares of Welltower in the 1st quarter worth approximately $250,000. Riverview Trust Co purchased a new position in Welltower in the 1st quarter worth approximately $148,000. Hazelview Securities Inc. raised its holdings in Welltower by 26.7% in the 1st quarter. Hazelview Securities Inc. now owns 234,651 shares of the real estate investment trust’s stock worth $21,586,000 after acquiring an additional 49,400 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Welltower by 190.9% in the 1st quarter. Sound Income Strategies LLC now owns 509 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Wedbush boosted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.38.

Welltower Stock Performance

Shares of Welltower stock traded down $2.18 during trading on Monday, hitting $130.06. 2,414,187 shares of the company’s stock were exchanged, compared to its average volume of 2,696,538. The stock has a market capitalization of $77.76 billion, a price-to-earnings ratio of 163.26, a PEG ratio of 2.87 and a beta of 1.21. Welltower Inc. has a 52-week low of $80.80 and a 52-week high of $132.54. The business has a 50-day simple moving average of $124.22 and a 200-day simple moving average of $109.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. On average, research analysts forecast that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.06%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio is 330.86%.

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.