Sterling Investment Advisors Ltd. Sells 650 Shares of Welltower Inc (NYSE:WELL)

Sterling Investment Advisors Ltd. reduced its position in Welltower Inc (NYSE:WELL) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,875 shares of the real estate investment trust’s stock after selling 650 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Welltower were worth $642,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Comerica Securities Inc. raised its holdings in shares of Welltower by 146.9% in the 4th quarter. Comerica Securities Inc. now owns 12,689 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 7,550 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Welltower by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,585,442 shares of the real estate investment trust’s stock valued at $387,686,000 after buying an additional 17,550 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Welltower by 12.2% in the 4th quarter. Geode Capital Management LLC now owns 6,232,214 shares of the real estate investment trust’s stock valued at $432,262,000 after buying an additional 679,707 shares during the last quarter. CWM LLC grew its position in shares of Welltower by 167.8% in the 1st quarter. CWM LLC now owns 2,086 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 1,307 shares during the last quarter. Finally, BB&T Corp grew its position in shares of Welltower by 1.4% in the 1st quarter. BB&T Corp now owns 47,674 shares of the real estate investment trust’s stock valued at $3,700,000 after buying an additional 676 shares during the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

Welltower stock traded down $1.15 during midday trading on Friday, hitting $87.75. 1,541,756 shares of the company’s stock were exchanged, compared to its average volume of 1,855,939. Welltower Inc has a 12-month low of $60.93 and a 12-month high of $90.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 4.62 and a beta of 0.29. The firm’s 50 day simple moving average is $85.56 and its 200 day simple moving average is $79.91.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.70). Welltower had a return on equity of 4.62% and a net margin of 11.98%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts forecast that Welltower Inc will post 4.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, August 14th. Welltower’s payout ratio is currently 86.35%.

A number of research analysts recently commented on WELL shares. Morgan Stanley increased their target price on shares of Welltower from $83.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. Wood & Company reaffirmed an “average” rating on shares of Welltower in a research report on Thursday. Stifel Nicolaus increased their target price on shares of Welltower from $78.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $86.00 target price on shares of Welltower in a research report on Monday, August 5th. Finally, Scotiabank set a $80.00 target price on shares of Welltower and gave the company a “hold” rating in a research report on Friday, June 14th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.84.

Welltower Company Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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