GAM Holding AG purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,136 shares of the real estate investment trust's stock, valued at approximately $1,706,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower during the 1st quarter worth about $28,000. Franchise Capital Ltd acquired a new position in shares of Welltower during the 1st quarter worth about $32,000. Capital Advisors Ltd. LLC lifted its position in shares of Welltower by 57.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 107 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Welltower during the 4th quarter worth about $50,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of Welltower during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Trading Down 1.0%
Shares of WELL opened at $151.70 on Friday. Welltower Inc. has a 1 year low of $100.13 and a 1 year high of $158.55. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $149.79 and a 200-day simple moving average of $142.89. The stock 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.
Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the firm posted $1.01 EPS. Welltower's quarterly revenue was up 30.3% compared to the same quarter last year. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.77%. Welltower's payout ratio is presently 154.02%.
Wall Street Analyst Weigh In
WELL has been the subject of several research analyst reports. Royal Bank Of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $146.00 to $168.00 in a research report 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. 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. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley boosted their price target on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $163.25.
Check Out Our Latest Stock Analysis on WELL
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.
Further Reading
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).
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