Welltower Inc. (NYSE:WELL) Holdings Lowered by Pacific Sun Financial Corp

Pacific Sun Financial Corp trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,138 shares of the real estate investment trust’s stock after selling 600 shares during the quarter. Pacific Sun Financial Corp’s holdings in Welltower were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quotient Wealth Partners LLC bought a new stake in shares of Welltower during the 3rd quarter worth about $251,000. UMB Bank n.a. raised its position in shares of Welltower by 22.5% during the 3rd quarter. UMB Bank n.a. now owns 218,486 shares of the real estate investment trust’s stock worth $27,973,000 after buying an additional 40,175 shares in the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of Welltower during the 3rd quarter worth about $225,000. Atomi Financial Group Inc. raised its position in shares of Welltower by 15.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 5,020 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 666 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Welltower by 93.8% during the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock worth $2,365,000 after buying an additional 8,940 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

Shares of NYSE:WELL traded up $1.67 during trading on Friday, hitting $124.78. 815,945 shares of the stock were exchanged, compared to its average volume of 2,709,051. Welltower Inc. has a 1-year low of $80.80 and a 1-year high of $131.31. The company has a market capitalization of $76.01 billion, a price-to-earnings ratio of 119.54, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. The company’s fifty day simple moving average is $122.44 and its 200-day simple moving average is $107.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 EPS. Sell-side analysts expect that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a $0.67 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a yield of 2.15%. Welltower’s payout ratio is currently 260.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WELL shares. Scotiabank boosted their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a report on Monday, September 23rd. KeyCorp boosted their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Morgan Stanley boosted their price objective on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wedbush boosted their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada boosted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.38.

About Welltower

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.