Meeder Advisory Services Inc. Cuts Stock Holdings in Welltower Inc. (NYSE:WELL)

Meeder Advisory Services Inc. reduced its position in Welltower Inc. (NYSE:WELL) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,013 shares of the real estate investment trust’s stock after selling 348 shares during the period. Meeder Advisory Services Inc.’s holdings in Welltower were worth $1,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new position in shares of Welltower during the fourth quarter valued at $25,000. Roxbury Financial LLC purchased a new position in Welltower in the 4th quarter worth about $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower during the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of Welltower by 165.5% in 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. purchased a new position in shares of Welltower during the fourth quarter valued at approximately $50,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 0.7 %

Shares of WELL opened at $153.03 on Thursday. 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 $98.14 billion, a price-to-earnings ratio of 98.10, 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’s 50 day simple moving average is $147.11 and its 200-day simple moving average is $136.08.

Welltower (NYSE:WELL) last released its quarterly earnings results 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 11.91% and a return on equity of 3.15%. As a group, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.75%. Welltower’s dividend payout ratio is currently 171.79%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WELL shares. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Evercore ISI raised their price objective on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, March 4th. Scotiabank upped their target price on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Finally, Raymond James lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

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.