Smithfield Trust Co. Grows Holdings in Welltower Inc (WELL)

Smithfield Trust Co. increased its position in shares of Welltower Inc (NYSE:WELL) by 17.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,385 shares of the real estate investment trust’s stock after buying an additional 210 shares during the period. Smithfield Trust Co.’s holdings in Welltower were worth $107,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in Welltower in the first quarter worth about $86,000. RDA Financial Network purchased a new position in shares of Welltower in the first quarter worth about $1,279,000. UMB Bank N A MO raised its stake in shares of Welltower by 28.7% in the first quarter. UMB Bank N A MO now owns 62,387 shares of the real estate investment trust’s stock worth $4,841,000 after purchasing an additional 13,924 shares during the last quarter. Keeler Thomas Management LLC raised its stake in shares of Welltower by 40.8% in the first quarter. Keeler Thomas Management LLC now owns 29,500 shares of the real estate investment trust’s stock worth $2,289,000 after purchasing an additional 8,550 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC purchased a new position in shares of Welltower in the first quarter worth about $178,000. 84.46% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on WELL. Deutsche Bank raised their price objective on Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Morgan Stanley lifted their price target on Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Mitsubishi UFJ Financial Group boosted their price objective on Welltower to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, February 13th. Citigroup boosted their price objective on Welltower from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Finally, BMO Capital Markets upgraded Welltower from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $73.00 to $86.00 in a research report on Tuesday, May 7th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Welltower currently has a consensus rating of “Buy” and an average price target of $73.29.

Shares of Welltower stock traded up $0.22 during trading hours on Friday, hitting $81.57. The company’s stock had a trading volume of 1,405,300 shares, compared to its average volume of 2,063,961. Welltower Inc has a twelve month low of $56.11 and a twelve month high of $81.92. The firm has a market cap of $32.40 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.37 and a beta of 0.43. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.79.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. As a group, equities analysts expect that Welltower Inc will post 4.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, May 13th. This represents a $3.48 annualized dividend and a yield of 4.27%. Welltower’s dividend payout ratio (DPR) is 86.35%.

In other news, EVP Mercedes Kerr sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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