Vestmark Advisory Solutions Inc. Has $2.24 Million Holdings in Welltower Inc (NYSE:WELL)

Vestmark Advisory Solutions Inc. reduced its position in Welltower Inc (NYSE:WELL) by 14.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,738 shares of the real estate investment trust’s stock after selling 4,340 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Welltower were worth $2,243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Duncker Streett & Co. Inc. increased its position in Welltower by 27.6% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 128 shares during the last quarter. Wealthstreet Investment Advisors LLC increased its position in Welltower by 1.6% in the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 9,704 shares of the real estate investment trust’s stock worth $791,000 after purchasing an additional 150 shares during the last quarter. Covington Capital Management increased its position in Welltower by 15.6% in the 2nd quarter. Covington Capital Management now owns 1,113 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 150 shares during the last quarter. Optimum Investment Advisors increased its position in Welltower by 5.7% in the 3rd quarter. Optimum Investment Advisors now owns 2,870 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 155 shares during the last quarter. Finally, Asset Dedication LLC increased its position in Welltower by 29.6% in the 2nd quarter. Asset Dedication LLC now owns 709 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 162 shares during the last quarter. 89.18% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on WELL shares. Barclays lowered Welltower from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $88.00 to $93.00 in a research report on Tuesday, October 1st. They noted that the move was a valuation call. Morgan Stanley upped their target price on Welltower from $91.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 17th. Stifel Nicolaus upped their target price on Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $86.00 target price on shares of Welltower in a research report on Monday, August 5th. Finally, Wood & Company reaffirmed an “average” rating on shares of Welltower in a research report on Thursday, August 22nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.66.

Shares of WELL traded up $0.23 during trading hours on Monday, hitting $83.11. 1,281,886 shares of the company were exchanged, compared to its average volume of 2,059,936. The company has a market cap of $34.67 billion, a PE ratio of 20.62, a PEG ratio of 4.58 and a beta of 0.18. The firm’s 50 day moving average is $89.61 and its 200-day moving average is $85.07. Welltower Inc has a 52 week low of $65.94 and a 52 week high of $93.17. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.85 and a current ratio of 1.85.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.19%. Welltower’s dividend payout ratio (DPR) is presently 86.35%.

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.

Further Reading: What are defining characteristics of a correction?

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.