Corient Private Wealth LLC Trims Stock Holdings in Welltower Inc. (NYSE:WELL)

Corient Private Wealth LLC reduced its stake in Welltower Inc. (NYSE:WELL) by 64.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 42,588 shares of the real estate investment trust’s stock after selling 76,839 shares during the period. Corient Private Wealth LLC’s holdings in Welltower were worth $5,368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WELL. Empowered Funds LLC raised its holdings in Welltower by 7.4% in the 3rd quarter. Empowered Funds LLC now owns 10,094 shares of the real estate investment trust’s stock valued at $1,292,000 after buying an additional 696 shares during the period. Pathstone Holdings LLC increased its stake in Welltower by 1.2% during the third quarter. Pathstone Holdings LLC now owns 44,609 shares of the real estate investment trust’s stock worth $5,711,000 after purchasing an additional 548 shares during the period. Caprock Group LLC increased its stake in Welltower by 38.8% during the third quarter. Caprock Group LLC now owns 8,529 shares of the real estate investment trust’s stock worth $1,092,000 after purchasing an additional 2,385 shares during the period. Prospera Financial Services Inc increased its stake in Welltower by 5.8% during the third quarter. Prospera Financial Services Inc now owns 8,450 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 463 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in Welltower during the third quarter worth about $133,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Evercore ISI boosted their price objective on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their price objective on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Finally, Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Stock Performance

Shares of WELL opened at $146.84 on Friday. The stock has a 50 day moving average price of $143.50 and a 200 day moving average price of $134.62. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $94.17 billion, a price-to-earnings ratio of 94.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is currently 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.