Sheaff Brock Investment Advisors LLC Sells 1,498 Shares of Welltower Inc. (NYSE:WELL)

Sheaff Brock Investment Advisors LLC cut its stake in shares of Welltower Inc. (NYSE:WELL) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,611 shares of the real estate investment trust’s stock after selling 1,498 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Welltower were worth $2,220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its stake in shares of Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after acquiring an additional 16,946 shares during the period. Barclays PLC raised its holdings in Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares during the period. Nordea Investment Management AB boosted its stake in shares of Welltower by 28.1% in the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after purchasing an additional 324,520 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Welltower by 1.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock valued at $2,638,000 after purchasing an additional 365 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Raymond James lifted their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank upped their target price on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday, January 27th. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $145.00 to $167.00 in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $138.58.

Welltower Stock Performance

NYSE WELL opened at $150.03 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $131.74 and a 200 day simple moving average of $128.83. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $151.96. The company has a market cap of $96.21 billion, a P/E ratio of 98.70, a PEG ratio of 2.83 and a beta of 1.23.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 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.