Pinnacle Wealth Planning Services Inc. Decreases Stock Position in Welltower Inc. (NYSE:WELL)

Pinnacle Wealth Planning Services Inc. lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 38.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,080 shares of the real estate investment trust’s stock after selling 1,306 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Welltower were worth $262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new stake in Welltower during the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new position in Welltower in the 4th quarter valued at $25,000. Sierra Ocean LLC bought a new position in Welltower in the 4th quarter valued at $28,000. Versant Capital Management Inc grew its position in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Welltower in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 1.2 %

Shares of NYSE WELL opened at $147.22 on Friday. 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 stock has a market capitalization of $94.41 billion, a P/E ratio of 94.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The business has a fifty day moving average price of $138.99 and a 200 day moving average price of $132.63.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho upped their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, Raymond James upped their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.42.

Welltower 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.