Welltower Inc (WELL) Stake Decreased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. lessened its holdings in shares of Welltower Inc (NYSE:WELL) by 24.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,565 shares of the real estate investment trust’s stock after selling 1,510 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Welltower were worth $317,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WELL. Portfolio Solutions LLC bought a new stake in Welltower in the 4th quarter valued at approximately $34,000. Lenox Wealth Management Inc. lifted its stake in Welltower by 1,272.9% in the 4th quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 1,082 shares in the last quarter. Country Trust Bank bought a new stake in Welltower in the 4th quarter valued at approximately $90,000. OLD Second National Bank of Aurora lifted its stake in Welltower by 61.9% in the 4th quarter. OLD Second National Bank of Aurora now owns 1,308 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 500 shares in the last quarter. Finally, Hartford Financial Management Inc. bought a new stake in Welltower in the 3rd quarter valued at approximately $103,000. Institutional investors and hedge funds own 89.28% of the company’s stock.

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NYSE:WELL opened at $77.47 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. The company has a market cap of $29.17 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 3.62 and a beta of 0.47. Welltower Inc has a twelve month low of $49.58 and a twelve month high of $77.90.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. Welltower’s revenue was up 12.4% on a year-over-year basis. Research analysts forecast that Welltower Inc will post 4.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Thursday, February 21st. Welltower’s payout ratio is presently 82.66%.

Several equities research analysts have commented on WELL shares. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. SunTrust Banks boosted their target price on Welltower to $72.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. boosted their target price on Welltower to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. Scotiabank started coverage on Welltower in a research note on Monday, December 10th. They issued a “sector perform” rating and a $74.00 target price on the stock. Finally, Wells Fargo & Co upgraded Welltower from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 11th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Welltower has an average rating of “Buy” and a consensus target price of $67.67.

In related news, EVP Mercedes Kerr sold 4,342 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

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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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