Welltower Inc. (NYSE:WELL) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 47,198 shares of the real estate investment trust’s stock after selling 102 shares during the period. Peapack Gladstone Financial Corp’s holdings in Welltower were worth $6,043,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WELL. First Foundation Advisors acquired a new stake in Welltower in the second quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in shares of Welltower in the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC acquired a new stake in Welltower in the 2nd quarter worth approximately $31,000. Fortitude Family Office LLC boosted its stake in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in Welltower during the 2nd quarter worth approximately $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WELL. Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Mizuho raised their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Scotiabank lifted their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $120.77.

Welltower Trading Up 0.5 %

Welltower stock opened at $129.12 on Friday. The firm has a market cap of $80.40 billion, a PE ratio of 84.95, a P/E/G ratio of 2.88 and a beta of 1.20. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock’s 50 day simple moving average is $132.95 and its two-hundred day simple moving average is $120.32. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $0.92 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

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.