Whittier Trust Co. Has $530,000 Stake in Welltower Inc. (NYSE:WELL)

Whittier Trust Co. reduced its holdings in Welltower Inc. (NYSE:WELL) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,202 shares of the real estate investment trust’s stock after selling 129 shares during the quarter. Whittier Trust Co.’s holdings in Welltower were worth $530,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC acquired a new stake in Welltower in the 4th quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower in the fourth quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in shares of Welltower in the fourth quarter worth $28,000. Versant Capital Management Inc increased its position in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in Welltower during the 4th quarter valued at $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 0.7 %

Shares of NYSE WELL opened at $146.84 on Friday. The business has a fifty day moving average of $143.50 and a two-hundred day moving average of $134.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The stock has a market cap of $94.17 billion, a PE ratio of 94.13, a PEG ratio of 2.87 and a beta of 1.20.

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

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.83%. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho lifted their target price on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Bank of America boosted their price objective on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.46.

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.