Cullinan Associates Inc. cut its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 37.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,465 shares of the real estate investment trust's stock after selling 5,052 shares during the quarter. Cullinan Associates Inc.'s holdings in Welltower were worth $1,297,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Inlight Wealth Management LLC bought a new stake in Welltower in the 1st quarter worth about $110,000. Nilsine Partners LLC increased its holdings in Welltower by 7.8% in the 1st quarter. Nilsine Partners LLC now owns 3,346 shares of the real estate investment trust's stock worth $513,000 after buying an additional 243 shares in the last quarter. Aspire Private Capital LLC bought a new stake in Welltower in the 1st quarter worth about $207,000. Praxis Investment Management Inc. increased its holdings in Welltower by 5.6% in the 1st quarter. Praxis Investment Management Inc. now owns 16,900 shares of the real estate investment trust's stock worth $2,589,000 after buying an additional 900 shares in the last quarter. Finally, World Equity Group Inc. bought a new stake in Welltower in the 1st quarter worth about $334,000. 94.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently commented on WELL. Scotiabank lifted their price objective on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. Royal Bank Of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company boosted their price target on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $163.25.
Get Our Latest Stock Analysis on WELL
Welltower Stock Performance
Shares of NYSE:WELL traded down $1.48 during mid-day trading on Friday, reaching $151.70. 11,336,486 shares of the company traded hands, compared to its average volume of 2,919,173. The company's 50 day moving average price is $149.79 and its 200-day moving average price is $142.96. The firm has a market cap of $99.20 billion, a PE ratio of 87.18, a PEG ratio of 1.76 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. Welltower Inc. has a 52 week low of $100.13 and a 52 week high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last announced 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 the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm's revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. On average, equities analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid 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 dividend yield of 1.77%. Welltower's dividend payout ratio (DPR) is presently 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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