CENTRAL TRUST Co Sells 1,925 Shares of Welltower Inc. (NYSE:WELL)

CENTRAL TRUST Co lessened its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,878 shares of the real estate investment trust's stock after selling 1,925 shares during the quarter. CENTRAL TRUST Co's holdings in Welltower were worth $10,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WELL. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower in the first quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new position in Welltower in the 4th quarter valued at $26,000. Franchise Capital Ltd acquired a new position in Welltower in the 1st quarter valued at $32,000. Sierra Ocean LLC bought a new position in Welltower during the 4th quarter worth $28,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Welltower by 57.2% during 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 in the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Trading Down 1.2%

Shares of WELL opened at $150.58 on Tuesday. 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 Inc. has a 52-week low of $100.13 and a 52-week high of $158.55. The firm has a market cap of $98.47 billion, a price-to-earnings ratio of 96.53, a PEG ratio of 2.87 and a beta of 0.94. The business's fifty day moving average is $148.95 and its 200-day moving average is $142.42.

Welltower (NYSE:WELL - Get Free Report) last released 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. The firm had revenue of $2.42 billion for 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%. The business's revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 earnings per share. Equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. Welltower's dividend payout ratio is currently 154.02%.

Analysts Set New Price Targets

WELL has been the topic of several research reports. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Bank of America lifted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Evercore ISI boosted their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Finally, Wedbush restated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $163.25.

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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