Community Bank & Trust Waco Texas Has $763,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Community Bank & Trust Waco Texas reduced its position in Welltower Inc. (NYSE:WELL) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,467 shares of the real estate investment trust’s stock after selling 1,176 shares during the period. Community Bank & Trust Waco Texas’ holdings in Welltower were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC bought a new stake in shares of Welltower during the third quarter worth approximately $266,000. CWM LLC lifted its stake in shares of Welltower by 2.4% in the 3rd quarter. CWM LLC now owns 12,695 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 296 shares during the period. AE Wealth Management LLC boosted its position in shares of Welltower by 6.8% in the 3rd quarter. AE Wealth Management LLC now owns 9,096 shares of the real estate investment trust’s stock worth $745,000 after purchasing an additional 580 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Welltower by 48.4% during the third quarter. Geneos Wealth Management Inc. now owns 868 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 283 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in Welltower by 2.3% in the third quarter. Global Retirement Partners LLC now owns 8,083 shares of the real estate investment trust’s stock valued at $660,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of research analyst reports. Scotiabank dropped their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. Mizuho boosted their price target on Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. BNP Paribas started coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. Finally, KeyCorp raised their price target on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.57.

Welltower Price Performance

WELL remained flat at $92.93 during trading on Wednesday. 628,250 shares of the company’s stock traded hands, compared to its average volume of 2,524,539. Welltower Inc. has a 1 year low of $72.47 and a 1 year high of $94.63. The company has a market cap of $54.93 billion, a PE ratio of 145.28, a P/E/G ratio of 2.32 and a beta of 1.08. The firm’s fifty day moving average price is $92.03 and its 200 day moving average price is $89.25. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that Welltower Inc. will post 4.04 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a dividend of $0.61 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.44 annualized dividend and a dividend yield of 2.63%. Welltower’s dividend payout ratio is currently 381.26%.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.