Brooklyn FI LLC bought a new position in Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,864 shares of the real estate investment trust's stock, valued at approximately $638,000.
A number of other large investors have also recently made changes to their positions in the stock. Roxbury Financial LLC purchased a new stake in Welltower during the fourth quarter valued at approximately $26,000. Sierra Ocean LLC bought a new position in Welltower in the 4th quarter worth $28,000. First Command Advisory Services Inc. bought a new position in Welltower in the 4th quarter worth $50,000. Cape Investment Advisory Inc. purchased a new position in Welltower during the fourth quarter valued at $53,000. Finally, Ameriflex Group Inc. bought a new stake in Welltower during the fourth quarter valued at about $69,000. 94.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
WELL has been the topic of several recent research reports. Morgan Stanley raised their price objective on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Bank of America increased their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Scotiabank upped their price objective on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $161.83.
Read Our Latest Stock Report on Welltower
Welltower Trading Up 0.9%
NYSE WELL traded up $1.29 during trading on Thursday, hitting $152.99. The stock had a trading volume of 2,720,379 shares, compared to its average volume of 2,909,102. Welltower Inc. has a one year low of $99.95 and a one year high of $158.55. The stock has a 50 day simple moving average of $147.73 and a 200 day simple moving average of $141.00. The stock has a market capitalization of $100.05 billion, a price-to-earnings ratio of 98.07, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Welltower's revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. Sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. Welltower's payout ratio is 154.02%.
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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