Gulf International Bank UK Ltd cut its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 20.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,426 shares of the real estate investment trust's stock after selling 9,535 shares during the quarter. Gulf International Bank UK Ltd's holdings in Welltower were worth $5,580,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of WELL. Geller Advisors LLC lifted its stake in Welltower by 3.7% during the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after acquiring an additional 69 shares in the last quarter. Good Life Advisors LLC lifted its stake in Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after acquiring an additional 69 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in 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 worth $273,000 after acquiring an additional 73 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in Welltower by 2.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after purchasing an additional 73 shares during the period. Finally, Premier Path Wealth Partners LLC increased its holdings in 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 worth $678,000 after purchasing an additional 77 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on WELL shares. Wells Fargo & Company boosted their price objective on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Morgan Stanley boosted their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI lifted their price objective on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average price target of $169.82.
View Our Latest Stock Report on Welltower
Welltower Stock Up 0.6%
WELL stock traded up $1.02 during trading on Friday, hitting $162.90. 2,490,254 shares of the company's stock were exchanged, compared to its average volume of 2,962,388. The business has a 50-day moving average price of $157.72 and a two-hundred day moving average price of $151.23. The stock has a market capitalization of $108.95 billion, a price-to-earnings ratio of 92.03, a PEG ratio of 1.87 and a beta of 0.93. Welltower Inc. has a 52-week low of $115.18 and a 52-week high of $171.09. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44.
Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%. The business's revenue was up 39.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be given a $0.74 dividend. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. Welltower's payout ratio is currently 167.23%.
Insider Activity
In other news, Director Andrew Gundlach bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.
Welltower 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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