Epstein & White Financial LLC lowered its position in shares of Welltower Inc (NYSE:WELL) by 12.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,819 shares of the real estate investment trust’s stock after selling 395 shares during the period. Epstein & White Financial LLC’s holdings in Welltower were worth $216,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. National Pension Service increased its position in shares of Welltower by 5.5% during the fourth quarter. National Pension Service now owns 451,972 shares of the real estate investment trust’s stock worth $35,014,000 after purchasing an additional 23,419 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Welltower by 6.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,184,481 shares of the real estate investment trust’s stock worth $557,516,000 after acquiring an additional 446,202 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Welltower in the 3rd quarter valued at about $176,871,000. Morgan Stanley acquired a new stake in Welltower in the 3rd quarter valued at about $251,445,000. Finally, Weather Gauge Advisory LLC purchased a new position in shares of Welltower in the 1st quarter valued at about $984,000. Hedge funds and other institutional investors own 84.94% of the company’s stock.
A number of analysts have weighed in on WELL shares. BMO Capital Markets reaffirmed a “hold” rating and set a $73.00 price objective on shares of Welltower in a research report on Wednesday, May 1st. Raymond James lifted their price objective on Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Deutsche Bank boosted their price target on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Mitsubishi UFJ Financial Group boosted their price target on Welltower to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, February 13th. Finally, Citigroup boosted their price target on Welltower from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $73.29.
In other news, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total transaction of $1,504,015.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mercedes Kerr sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.
Shares of NYSE:WELL traded up $0.22 during trading on Wednesday, hitting $80.22. The company’s stock had a trading volume of 1,090,022 shares, compared to its average volume of 2,073,806. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.84 and a current ratio of 1.84. Welltower Inc has a fifty-two week low of $55.82 and a fifty-two week high of $80.40. The stock has a market cap of $32.40 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 3.37 and a beta of 0.43.
Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Welltower Inc will post 4.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Monday, May 13th. Welltower’s dividend payout ratio is currently 86.35%.
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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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