ERTS Wealth Advisors LLC cut its position in shares of Welltower Inc (NYSE:WELL) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,325 shares of the real estate investment trust’s stock after selling 935 shares during the period. ERTS Wealth Advisors LLC’s holdings in Welltower were worth $353,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Welltower by 5.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 46,738 shares of the real estate investment trust’s stock valued at $3,627,000 after buying an additional 2,219 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in Welltower in the 2nd quarter valued at about $1,564,000. BNP Paribas Arbitrage SA grew its stake in Welltower by 32.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 242,721 shares of the real estate investment trust’s stock valued at $19,789,000 after buying an additional 58,906 shares during the last quarter. Federated Investors Inc. PA grew its stake in Welltower by 0.8% in the 1st quarter. Federated Investors Inc. PA now owns 2,089,016 shares of the real estate investment trust’s stock valued at $162,108,000 after buying an additional 17,511 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Welltower by 154.5% in the 1st quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock valued at $234,400,000 after buying an additional 1,833,933 shares during the last quarter. Institutional investors own 89.26% of the company’s stock.

NYSE WELL traded down $0.24 during trading on Friday, reaching $87.21. The company’s stock had a trading volume of 33,045 shares, compared to its average volume of 1,752,200. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $35.61 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 4.56 and a beta of 0.24. Welltower Inc has a 12 month low of $60.93 and a 12 month high of $92.50. The firm has a 50 day moving average price of $87.57 and a 200 day moving average price of $81.12.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.70). Welltower had a return on equity of 4.62% and a net margin of 11.98%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company posted $1.00 EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, equities analysts forecast that Welltower Inc will post 4.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, August 14th. Welltower’s dividend payout ratio (DPR) is presently 86.35%.

A number of analysts have issued reports on the stock. Raymond James downgraded shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price objective for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Scotiabank set a $80.00 price objective on shares of Welltower and gave the company a “hold” rating in a report on Friday, June 14th. Stifel Nicolaus boosted their price objective on shares of Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley boosted their price objective on shares of Welltower from $83.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $86.00 price objective on shares of Welltower in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $80.39.

Welltower Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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