Beacon Capital Management LLC Sells 563 Shares of Welltower Inc. (NYSE:WELL)

Beacon Capital Management LLC lessened its stake in Welltower Inc. (NYSE:WELL) by 35.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,029 shares of the real estate investment trust’s stock after selling 563 shares during the period. Beacon Capital Management LLC’s holdings in Welltower were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WELL. Roxbury Financial LLC acquired a new position in shares of Welltower in the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower in the 4th quarter valued at about $25,000. Fortitude Family Office LLC lifted its stake in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the period. 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 period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Welltower in the 3rd quarter valued at about $50,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.9 %

NYSE:WELL opened at $150.03 on Friday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $151.96. The firm has a 50-day moving average price of $131.74 and a two-hundred day moving average price of $128.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a market cap of $96.21 billion, a price-to-earnings ratio of 98.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 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, equities analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

Analyst Ratings Changes

WELL has been the topic of a number of recent analyst reports. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wedbush raised 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 research note on Friday. 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. Bank of America upped their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Scotiabank upped their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $138.58.

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.