Gray Wealth Management Inc. Sells 421 Shares of Welltower Inc. (NYSE:WELL)

Gray Wealth Management Inc. reduced its stake in shares of Welltower Inc. (NYSE:WELL) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,008 shares of the real estate investment trust’s stock after selling 421 shares during the period. Gray Wealth Management Inc.’s holdings in Welltower were worth $993,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower during the fourth quarter worth about $25,000. Covestor Ltd grew its stake in Welltower by 97.4% during the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 147 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of Welltower in the second quarter worth about $26,000. Finally, FinTrust Capital Advisors LLC lifted its position in shares of Welltower by 117.8% in the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 185 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WELL shares. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective on the stock. KeyCorp boosted their target price on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. Scotiabank cut their target price on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. Finally, StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower Stock Up 1.2 %

NYSE:WELL traded up $1.11 during mid-day trading on Thursday, hitting $90.81. 1,877,748 shares of the company’s stock traded hands, compared to its average volume of 2,568,646. The company has a fifty day moving average of $91.68 and a 200 day moving average of $88.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. Welltower Inc. has a twelve month low of $72.47 and a twelve month high of $94.63. The company has a market capitalization of $53.67 billion, a P/E ratio of 140.88, a P/E/G ratio of 2.25 and a beta of 1.08.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts forecast that Welltower Inc. will post 4.03 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a yield of 2.69%. Welltower’s dividend payout ratio is currently 381.26%.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.