Southland Equity Partners LLC Has $655,000 Holdings in Welltower Inc. (NYSE:WELL)

Southland Equity Partners LLC cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,275 shares of the real estate investment trust’s stock after selling 93 shares during the period. Southland Equity Partners LLC’s holdings in Welltower were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. lifted its holdings in Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after acquiring an additional 7,872 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock worth $68,666,000 after acquiring an additional 128,090 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock worth $244,114,000 after acquiring an additional 285,015 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Welltower in the fourth quarter valued at about $367,000. Finally, Groupama Asset Managment lifted its holdings in shares of Welltower by 23,204.3% in the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust’s stock valued at $2,183,000 after purchasing an additional 1,891,847 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Welltower stock opened at $152.22 on Friday. Welltower Inc. has a 12 month low of $100.13 and a 12 month high of $158.55. The stock’s 50 day moving average is $148.67 and its 200-day moving average is $142.30. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $99.54 billion, a price-to-earnings ratio of 97.58, a PEG ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower’s dividend payout ratio (DPR) is currently 154.02%.

Analyst Ratings Changes

WELL has been the topic of a number of research reports. Evercore ISI boosted their price target on Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a report on Thursday, May 1st. Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Scotiabank upped their target price on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. Mizuho upped their target price on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Finally, Morgan Stanley upped their target price on Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.25.

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.