Strategic Investment Advisors MI acquired a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,832 shares of the real estate investment trust's stock, valued at approximately $434,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Welltower during the 1st quarter worth approximately $28,000. Franchise Capital Ltd acquired a new stake in shares of Welltower during the first quarter worth approximately $32,000. Capital Advisors Ltd. LLC increased its stake in shares of Welltower by 57.2% in the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after buying an additional 107 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Welltower in the fourth quarter worth $50,000. Finally, Cape Investment Advisory Inc. acquired a new stake in Welltower in the fourth quarter valued at $53,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on WELL. Mizuho raised their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI upped their price objective on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a report on Monday. Finally, Morgan Stanley boosted their price target 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 assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $163.75.
Read Our Latest Stock Analysis on WELL
Welltower Stock Performance
Shares of NYSE WELL traded down $1.28 during mid-day trading on Friday, hitting $152.20. The company had a trading volume of 3,373,596 shares, compared to its average volume of 2,938,696. Welltower Inc. has a 12 month low of $102.92 and a 12 month high of $158.55. The stock has a market cap of $99.53 billion, a price-to-earnings ratio of 87.47, a PEG ratio of 1.79 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. The firm's 50 day simple moving average is $150.40 and its two-hundred day simple moving average is $143.43.
Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the business posted $1.01 earnings per share. The firm's quarterly revenue was up 30.3% compared to the same quarter last year. As a group, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is 154.02%.
Welltower Company Profile
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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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