Gray Wealth Management Inc. Cuts Stock Position in Welltower Inc. (NYSE:WELL)

Gray Wealth Management Inc. lessened its position in shares of Welltower Inc. (NYSE:WELL) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,687 shares of the real estate investment trust’s stock after selling 248 shares during the quarter. Gray Wealth Management Inc.’s holdings in Welltower were worth $1,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Welltower by 638.0% in the third 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 worth $886,022,000 after acquiring an additional 5,982,711 shares in the last quarter. FMR LLC raised its position in shares of Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP boosted 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 worth $2,392,349,000 after purchasing an additional 1,797,330 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Welltower during the 4th quarter worth approximately $90,565,000. Finally, Amundi increased its stake in Welltower by 18.5% during the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock valued at $477,314,000 after purchasing an additional 589,255 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WELL. Evercore ISI lifted their price objective on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 4th. Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Bank of America increased their price objective on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $150.19.

Welltower Stock Up 1.3 %

WELL stock opened at $147.85 on Monday. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm’s fifty day moving average is $141.13 and its 200 day moving average is $133.82. The firm has a market cap of $94.81 billion, a PE ratio of 94.77, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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%. On average, research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

About Welltower

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.