Welltower Inc. (NYSE:WELL) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its stake in Welltower Inc. (NYSE:WELL) by 82.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,495 shares of the real estate investment trust’s stock after selling 11,328 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Welltower were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Retirement Systems of Alabama raised its position in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after buying an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in Welltower by 120.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after buying an additional 7,872 shares during the last quarter. Barclays PLC raised its position in Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after buying an additional 380,888 shares during the last quarter. Park Avenue Securities LLC raised its position in Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after buying an additional 2,250 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in Welltower by 17.3% during the 4th 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 buying an additional 285,015 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Down 0.7 %

Shares of WELL opened at $146.84 on Friday. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $143.50 and its two-hundred day moving average is $134.62. The stock has a market cap of $94.17 billion, a PE ratio of 94.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders 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 annualized dividend and a dividend yield of 1.83%. Welltower’s payout ratio is 171.79%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WELL. Scotiabank raised their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Tuesday. Raymond James lifted their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Bank of America lifted their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Three analysts have rated the stock with 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.