Arbor Capital Management Inc. ADV Trims Stock Position in Welltower Inc. (NYSE:WELL)

Arbor Capital Management Inc. ADV lessened its holdings in Welltower Inc. (NYSE:WELL) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,464 shares of the real estate investment trust’s stock after selling 1,468 shares during the period. Welltower accounts for approximately 1.6% of Arbor Capital Management Inc. ADV’s portfolio, making the stock its 24th largest holding. Arbor Capital Management Inc. ADV’s holdings in Welltower were worth $1,554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Roxbury Financial LLC purchased a new position in shares of Welltower during the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower during the fourth quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new position in shares of Welltower during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in shares of Welltower during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WELL shares. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Wells Fargo & Company upped their price target on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Finally, StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.19.

Welltower Price Performance

WELL opened at $147.85 on Monday. The company has a fifty day simple moving average of $141.13 and a 200 day simple moving average of $133.82. The firm has a market cap of $94.81 billion, a price-to-earnings ratio of 94.77, a PEG ratio of 2.87 and a beta of 1.20. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

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

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

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.