Rehmann Capital Advisory Group Sells 3,810 Shares of Welltower Inc. (NYSE:WELL)

Rehmann Capital Advisory Group reduced its holdings in shares of Welltower Inc. (NYSE:WELL – Get Rating) by 55.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,085 shares of the real estate investment trust’s stock after selling 3,810 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Welltower were worth $202,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Welltower by 287.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,504 shares of the real estate investment trust’s stock worth $869,000 after acquiring an additional 10,018 shares during the period. California Public Employees Retirement System grew its stake in Welltower by 19.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,030,627 shares of the real estate investment trust’s stock worth $66,290,000 after buying an additional 165,728 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Welltower by 11.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,723 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 380 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Welltower by 115.0% in the 4th quarter. Metis Global Partners LLC now owns 19,526 shares of the real estate investment trust’s stock valued at $1,280,000 after purchasing an additional 10,443 shares in the last quarter. Finally, Alpha Paradigm Partners LLC boosted its stake in shares of Welltower by 3,979.9% in the 3rd quarter. Alpha Paradigm Partners LLC now owns 6,895 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 6,726 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Welltower Stock Performance

Shares of Welltower stock opened at $73.62 on Friday. Welltower Inc. has a one year low of $56.50 and a one year high of $90.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $36.59 billion, a PE ratio of 320.09, a P/E/G ratio of 2.81 and a beta of 1.05. The company has a 50-day simple moving average of $74.32 and a two-hundred day simple moving average of $71.94.

Welltower (NYSE:WELL – Get Rating) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.77). Welltower had a net margin of 1.74% and a return on equity of 0.51%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Welltower’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts expect that Welltower Inc. will post 3.47 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, May 15th. Welltower’s payout ratio is 1,060.87%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Credit Suisse Group upped their price target on shares of Welltower from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, April 3rd. Wells Fargo & Company initiated coverage on shares of Welltower in a research report on Wednesday, April 19th. They set an “overweight” rating and a $85.00 price objective on the stock. Citigroup raised shares of Welltower from a “neutral” rating to a “buy” rating and raised their price target for the company from $70.00 to $81.00 in a report on Wednesday, April 5th. Royal Bank of Canada raised their price target on shares of Welltower from $82.00 to $87.00 in a report on Tuesday, May 16th. Finally, StockNews.com assumed coverage on shares of Welltower in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.29.

Welltower Profile

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Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.