CENTRAL TRUST Co Cuts Stock Position in Welltower Inc. (NYSE:WELL)

CENTRAL TRUST Co reduced its position in Welltower Inc. (NYSE:WELLGet Rating) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,957 shares of the real estate investment trust’s stock after selling 1,706 shares during the quarter. CENTRAL TRUST Co’s holdings in Welltower were worth $7,630,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Natixis Advisors L.P. boosted its holdings in Welltower by 4.6% during the 4th quarter. Natixis Advisors L.P. now owns 80,939 shares of the real estate investment trust’s stock valued at $6,942,000 after acquiring an additional 3,560 shares during the period. Westpac Banking Corp raised its position in Welltower by 24.2% during the 4th quarter. Westpac Banking Corp now owns 425,738 shares of the real estate investment trust’s stock valued at $36,200,000 after purchasing an additional 82,919 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in Welltower during the 4th quarter valued at approximately $580,000. Venture Visionary Partners LLC raised its position in Welltower by 4.0% during the 4th quarter. Venture Visionary Partners LLC now owns 95,904 shares of the real estate investment trust’s stock valued at $8,225,000 after purchasing an additional 3,663 shares during the last quarter. Finally, Tobias Financial Advisors Inc. bought a new position in Welltower during the 4th quarter valued at approximately $44,618,000. Institutional investors own 91.17% of the company’s stock.

NYSE:WELL traded down $3.63 on Friday, reaching $90.81. 2,480,340 shares of the company’s stock traded hands, compared to its average volume of 1,887,290. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $92.40 and a 200-day simple moving average of $86.83. The firm has a market cap of $41.23 billion, a PE ratio of 116.42, a P/E/G ratio of 4.43 and a beta of 1.00. Welltower Inc. has a 12 month low of $70.74 and a 12 month high of $99.43.

Welltower (NYSE:WELLGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Welltower had a net margin of 7.09% and a return on equity of 2.19%. During the same period in the prior year, the firm earned $0.84 EPS. On average, equities analysts anticipate that Welltower Inc. will post 3.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 8th. Stockholders of record on Tuesday, March 1st were issued a $0.61 dividend. The ex-dividend date was Monday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.69%. Welltower’s dividend payout ratio (DPR) is 312.82%.

A number of research analysts have commented on WELL shares. Scotiabank raised Welltower from a “sector perform” rating to a “sector outperform” rating and set a $110.00 price target for the company in a research report on Monday, April 4th. Zacks Investment Research lowered Welltower from a “hold” rating to a “sell” rating and set a $88.00 price target for the company. in a research report on Monday, February 21st. KeyCorp upped their price target on Welltower from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, April 1st. Mizuho increased their target price on Welltower from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, March 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Welltower from $103.00 to $108.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $96.75.

About Welltower (Get Rating)

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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