Concurrent Investment Advisors LLC Sells 104 Shares of Welltower Inc. (NYSE:WELL)

Concurrent Investment Advisors LLC reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,159 shares of the real estate investment trust’s stock after selling 104 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Welltower were worth $2,415,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WELL. Sequoia Financial Advisors LLC lifted its stake in Welltower by 4.4% during the third quarter. Sequoia Financial Advisors LLC now owns 7,824 shares of the real estate investment trust’s stock worth $1,002,000 after purchasing an additional 331 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Welltower by 21,236.0% in the 3rd quarter. International Assets Investment Management LLC now owns 173,888 shares of the real estate investment trust’s stock worth $22,263,000 after acquiring an additional 173,073 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Welltower by 19.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,566 shares of the real estate investment trust’s stock worth $2,633,000 after acquiring an additional 3,335 shares in the last quarter. Dakota Wealth Management increased its position in Welltower by 17.4% during the 3rd quarter. Dakota Wealth Management now owns 9,336 shares of the real estate investment trust’s stock valued at $1,195,000 after buying an additional 1,381 shares in the last quarter. Finally, Spirit of America Management Corp NY increased its holdings in shares of Welltower by 1.8% in the 3rd quarter. Spirit of America Management Corp NY now owns 35,825 shares of the real estate investment trust’s stock worth $4,587,000 after purchasing an additional 650 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Down 1.1 %

Shares of NYSE WELL opened at $148.69 on Friday. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $152.81. 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 50 day simple moving average of $133.83 and a 200-day simple moving average of $130.15. The company has a market capitalization of $95.35 billion, a P/E ratio of 95.31, a P/E/G ratio of 2.86 and a beta of 1.23.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.80%. Welltower’s dividend payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Mizuho raised 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. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Finally, Scotiabank lifted their target price on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $140.19.

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.