Summit Financial Group Inc. Sells 287 Shares of Welltower Inc. (NYSE:WELL)

Summit Financial Group Inc. lessened its stake in Welltower Inc. (NYSE:WELLFree Report) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 6,965 shares of the real estate investment trust’s stock after selling 287 shares during the period. Summit Financial Group Inc.’s holdings in Welltower were worth $628,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Advisor Resource Council bought a new position in shares of Welltower during the 4th quarter valued at about $201,000. RDA Financial Network increased its position in shares of Welltower by 23.2% during the 4th quarter. RDA Financial Network now owns 16,024 shares of the real estate investment trust’s stock valued at $1,445,000 after purchasing an additional 3,013 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Welltower by 2.0% during the 4th quarter. IFM Investors Pty Ltd now owns 100,486 shares of the real estate investment trust’s stock valued at $9,061,000 after acquiring an additional 1,942 shares during the period. Brookstone Capital Management boosted its holdings in Welltower by 2.5% during the 4th quarter. Brookstone Capital Management now owns 15,387 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 371 shares during the period. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in Welltower during the 4th quarter valued at about $895,000. Institutional investors own 91.61% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of several analyst reports. KeyCorp increased their target price on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft began coverage on Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective for the company. BNP Paribas began coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. Finally, Evercore ISI increased their price objective on Welltower from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Monday, November 27th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average price target of $93.69.

Get Our Latest Report on Welltower

Welltower Stock Down 1.1 %

WELL stock opened at $92.08 on Friday. The firm has a market cap of $52.38 billion, a PE ratio of 143.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.08. The business has a 50 day moving average of $90.62 and a 200 day moving average of $87.77. Welltower Inc. has a twelve month low of $65.18 and a twelve month high of $94.63. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELLGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. On average, research analysts forecast that Welltower Inc. will post 4.02 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s dividend payout ratio is presently 381.26%.

Welltower Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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