Pitcairn Co. Sells 3,847 Shares of Welltower Inc. (NYSE:WELL)

Pitcairn Co. lessened its position in shares of Welltower Inc. (NYSE:WELL) by 59.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,666 shares of the real estate investment trust’s stock after selling 3,847 shares during the quarter. Pitcairn Co.’s holdings in Welltower were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WELL. Laurel Wealth Advisors LLC purchased a new position in Welltower in the fourth quarter worth $25,000. Roxbury Financial LLC acquired a new stake in shares of Welltower in the 4th quarter worth $26,000. Sierra Ocean LLC purchased a new position in Welltower during the 4th quarter worth $28,000. Versant Capital Management Inc increased its position in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in Welltower in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $143.26 on Monday. 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 stock has a market cap of $92.89 billion, a PE ratio of 91.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. The business has a 50-day simple moving average of $147.64 and a 200-day simple moving average of $136.41.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, equities analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.87%. Welltower’s payout ratio is 171.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WELL. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wells Fargo & Company boosted their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Evercore ISI raised their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, March 4th. Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Mizuho raised their target price on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower has an average 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.