Avidian Wealth Enterprises LLC Sells 117 Shares of Welltower Inc. (NYSE:WELL)

Avidian Wealth Enterprises LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 4.7% in the 4th quarter, Holdings Channel reports. The fund owned 2,357 shares of the real estate investment trust’s stock after selling 117 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Welltower were worth $297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in shares of Welltower during the 4th quarter worth $25,000. Fortitude Family Office LLC grew its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the period. Versant Capital Management Inc grew its stake in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Welltower during the 3rd quarter worth $50,000. Finally, FSA Wealth Management LLC bought a new position in shares of Welltower during the 3rd quarter worth $59,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 3.4 %

WELL stock opened at $151.42 on Friday. The company has a market capitalization of $94.29 billion, a PE ratio of 99.62, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. Welltower Inc. has a one year low of $87.87 and a one year high of $151.96. The company’s 50 day moving average price is $130.99 and its two-hundred day moving average price is $128.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. As a group, analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.77%. Welltower’s dividend payout ratio (DPR) is currently 176.32%.

Analysts Set New Price Targets

WELL has been the subject of several research reports. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and increased their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Raymond James increased their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Scotiabank increased their price objective on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Mizuho increased their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Bank of America increased their price objective on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.96.

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.