Edgestream Partners L.P. Has $1.14 Million Position in Welltower Inc. (NYSE:WELL)

Edgestream Partners L.P. lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 48.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,412 shares of the real estate investment trust's stock after selling 6,965 shares during the quarter. Edgestream Partners L.P.'s holdings in Welltower were worth $1,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geller Advisors LLC increased its stake in Welltower by 3.7% in the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 69 shares during the last quarter. Good Life Advisors LLC grew its stake in Welltower by 1.2% in the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after buying an additional 69 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Welltower by 4.3% during the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 73 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in shares of Welltower by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock valued at $678,000 after purchasing an additional 77 shares in the last quarter. Finally, CVA Family Office LLC grew its position in shares of Welltower by 12.3% during the 1st quarter. CVA Family Office LLC now owns 733 shares of the real estate investment trust's stock valued at $112,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Trading Up 0.8%

Shares of Welltower stock opened at $158.96 on Friday. The firm's 50 day simple moving average is $152.07 and its two-hundred day simple moving average is $146.47. The firm has a market capitalization of $103.95 billion, a price-to-earnings ratio of 91.36, a PEG ratio of 1.83 and a beta of 0.92. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. Welltower Inc. has a 12-month low of $105.86 and a 12-month high of $159.57.

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 the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company's revenue was up 30.3% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. Analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business 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 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI raised their price target on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their target price on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Wedbush reiterated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Morgan Stanley raised their price objective 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.18.

Insiders Place Their Bets

In other news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.

Welltower Company 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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