Whittier Trust Co. reduced its stake in Welltower Inc (NYSE:WELL) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,190 shares of the real estate investment trust’s stock after selling 1,083 shares during the quarter. Whittier Trust Co.’s holdings in Welltower were worth $868,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Kaizen Advisory LLC lifted its position in Welltower by 16.6% in the 4th quarter. Kaizen Advisory LLC now owns 971 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 138 shares in the last quarter. CFO4Life Group LLC lifted its position in Welltower by 4.2% during the 4th quarter. CFO4Life Group LLC now owns 3,450 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 139 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in Welltower by 3.9% during the 1st quarter. Gilman Hill Asset Management LLC now owns 3,824 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 144 shares in the last quarter. Sigma Planning Corp lifted its position in Welltower by 1.5% during the 4th quarter. Sigma Planning Corp now owns 10,048 shares of the real estate investment trust’s stock worth $697,000 after buying an additional 149 shares in the last quarter. Finally, Girard Partners LTD. lifted its position in Welltower by 4.3% during the 4th quarter. Girard Partners LTD. now owns 3,753 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 153 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Mercedes Kerr sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total transaction of $1,504,015.30. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.
WELL has been the topic of several analyst reports. Citigroup boosted their price target on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Raymond James boosted their price target on shares of Welltower from $75.00 to $78.00 and gave the stock 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 shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. BMO Capital Markets raised shares of Welltower from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $73.00 to $86.00 in a research report on Tuesday, May 7th. Finally, Morgan Stanley boosted their price target on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.29.
Shares of Welltower stock traded up $0.22 during trading on Friday, hitting $81.57. 1,405,300 shares of the stock were exchanged, compared to its average volume of 2,063,961. The firm has a market capitalization of $32.40 billion, a PE ratio of 20.24, a P/E/G ratio of 3.37 and a beta of 0.43. Welltower Inc has a 1-year low of $56.11 and a 1-year high of $81.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.84 and a quick ratio of 1.84.
Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. Welltower’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. As a group, analysts expect 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. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, May 13th. This represents a $3.48 annualized dividend and a dividend yield of 4.27%. Welltower’s dividend payout ratio is presently 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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