Ancora Advisors LLC Sells 270 Shares of Welltower Inc. (NYSE:WELL)

Ancora Advisors LLC reduced its holdings in Welltower Inc. (NYSE:WELL) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,853 shares of the real estate investment trust’s stock after selling 270 shares during the quarter. Ancora Advisors LLC’s holdings in Welltower were worth $990,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WELL. Mather Group LLC. raised its stake in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 75 shares during the period. Childress Capital Advisors LLC raised its position in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 76 shares during the last quarter. Woodmont Investment Counsel LLC lifted its stake in Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 81 shares in the last quarter. Wealthspire Advisors LLC boosted its position in Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 83 shares during the last quarter. Finally, Graypoint LLC grew its stake in shares of Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on WELL. Wedbush restated an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Scotiabank increased their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Evercore ISI lifted their target price on Welltower from $145.00 to $157.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Bank of America boosted their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.46.

Welltower Stock Performance

Shares of WELL stock opened at $150.98 on Tuesday. Welltower Inc. has a 52 week low of $95.86 and a 52 week high of $158.55. The company has a market capitalization of $98.73 billion, a price-to-earnings ratio of 96.78, a PEG ratio of 2.87 and a beta of 0.94. The company has a 50-day simple moving average of $148.07 and a 200 day simple moving average of $139.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 earnings per share. On average, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower’s payout ratio is 154.02%.

About Welltower

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.