Welltower Inc. (NYSE:WELL) Shares Sold by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. lowered its holdings in shares of Welltower Inc. (NYSE:WELL) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,444 shares of the real estate investment trust’s stock after selling 305 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Welltower were worth $434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Welltower by 638.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the period. FMR LLC lifted its position in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after buying an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP grew its stake in Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Welltower by 31,188.5% during the 4th quarter. Proficio Capital Partners LLC now owns 510,002 shares of the real estate investment trust’s stock worth $64,276,000 after purchasing an additional 508,372 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after acquiring an additional 380,888 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WELL. Scotiabank raised their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Mizuho boosted their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Raymond James raised their price target 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, three have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.19.

Welltower Trading Up 0.6 %

NYSE:WELL opened at $151.54 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market cap of $97.18 billion, a P/E ratio of 97.14, a P/E/G ratio of 2.87 and a beta of 1.23. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $152.81. The stock’s fifty day moving average price is $135.78 and its two-hundred day moving average price is $131.13.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 yield of 1.77%. The ex-dividend date is Tuesday, February 25th. Welltower’s payout ratio is currently 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.