12,713 Shares in Welltower Inc. (NYSE:WELL) Bought by Mount Lucas Management LP

Mount Lucas Management LP purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,713 shares of the real estate investment trust's stock, valued at approximately $1,948,000.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower during the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Welltower during the 1st quarter valued at $28,000. Hughes Financial Services LLC bought a new stake in shares of Welltower during the 1st quarter valued at $31,000. Franchise Capital Ltd bought a new position in Welltower in the 1st quarter worth about $32,000. Finally, ZynergyRetirementPlanningLLC bought a new position in shares of Welltower during the 1st quarter valued at about $33,000. Institutional investors own 94.80% of the company's stock.

Insider Activity

In other news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director owned 20,000 shares of the company's stock, valued at $3,029,200. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI lifted their target price on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their target price on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Finally, Morgan Stanley increased their price objective on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $168.18.

Welltower Price Performance

WELL opened at $161.39 on Wednesday. The company has a fifty day simple moving average of $152.07 and a 200 day simple moving average of $146.76. The firm has a market cap of $105.54 billion, a price-to-earnings ratio of 92.75, a PEG ratio of 1.86 and a beta of 0.92. Welltower Inc. has a twelve month low of $108.24 and a twelve month high of $162.10. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $1.01 EPS. The firm's revenue was up 30.3% compared to the same quarter last year. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.66%. Welltower's dividend payout ratio is currently 154.02%.

Welltower Profile

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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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