Dynamic Advisor Solutions LLC purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,759 shares of the real estate investment trust's stock, valued at approximately $269,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Welltower in the first quarter valued at $28,000. Franchise Capital Ltd purchased a new stake in Welltower in the first quarter valued at $32,000. Capital Advisors Ltd. LLC lifted its position in Welltower by 57.2% in the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 107 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in Welltower in the fourth quarter valued at $50,000. Finally, Cape Investment Advisory Inc. purchased a new stake in Welltower in the fourth quarter valued at $53,000. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Trading Up 0.8%
Shares of Welltower stock opened at $153.06 on Friday. Welltower Inc. has a 52-week low of $100.13 and a 52-week high of $158.55. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. The company's 50-day simple moving average is $149.61 and its 200-day simple moving average is $142.69. The firm has a market cap of $100.09 billion, a price-to-earnings ratio of 87.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $1.01 earnings per share. The business's revenue was up 30.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. Welltower's dividend payout ratio (DPR) is 154.02%.
Analysts Set New Price Targets
WELL has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Wells Fargo & Company upped their target price on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $163.25.
Get Our Latest Report on WELL
Welltower Company Profile
(
Free Report)
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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