Rhumbline Advisers lowered its position in shares of Welltower Inc (NYSE:WELL) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 674,790 shares of the real estate investment trust’s stock after selling 45,206 shares during the period. Rhumbline Advisers owned 0.17% of Welltower worth $52,364,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HL Financial Services LLC raised its position in Welltower by 7.0% during the 1st quarter. HL Financial Services LLC now owns 6,280 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 413 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Welltower by 109.7% in the 1st quarter. Moors & Cabot Inc. now owns 8,788 shares of the real estate investment trust’s stock worth $686,000 after acquiring an additional 4,597 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Welltower by 218.8% in the 1st quarter. Eagle Asset Management Inc. now owns 86,780 shares of the real estate investment trust’s stock worth $6,734,000 after acquiring an additional 59,561 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Welltower by 144.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,452 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 857 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Welltower in the 1st quarter valued at about $1,179,000. Institutional investors own 87.14% of the company’s stock.
In related news, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total value of $1,504,015.30. The sale 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 on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.
Several analysts have recently commented on WELL shares. Morgan Stanley raised their target price on Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Royal Bank of Canada lifted their price target on Welltower to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, February 21st. Deutsche Bank lifted their price target on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Citigroup lifted their price target on Welltower from $71.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Finally, Mitsubishi UFJ Financial Group lifted their price target on Welltower to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, February 13th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Welltower presently has an average rating of “Buy” and an average target price of $73.29.
Shares of NYSE:WELL traded down $0.40 during mid-day trading on Wednesday, reaching $79.71. The company had a trading volume of 1,792,900 shares, compared to its average volume of 2,062,312. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.79. Welltower Inc has a one year low of $56.49 and a one year high of $82.18. The stock has a market capitalization of $33.03 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 3.43 and a beta of 0.43.
Welltower (NYSE:WELL) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. 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 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts predict that Welltower Inc will post 4.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.87 per share. The ex-dividend date was Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a yield of 4.37%. Welltower’s payout ratio is 86.35%.
Welltower Company 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.
Read More: Is a Roth IRA right for you?
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.