Highview Capital Management LLC DE acquired a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,629 shares of the real estate investment trust's stock, valued at approximately $1,169,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. acquired a new stake in Welltower in the 1st quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Welltower in the first quarter worth $28,000. Franchise Capital Ltd acquired a new position in shares of Welltower during the first quarter valued at $32,000. ZynergyRetirementPlanningLLC bought a new stake in shares of Welltower during the first quarter valued at about $33,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in Welltower by 57.2% in the first 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 period. 94.80% of the stock is owned by institutional investors and hedge funds.
Welltower Trading Up 1.6%
Shares of NYSE:WELL traded up $2.38 during midday trading on Friday, reaching $155.10. The company had a trading volume of 2,419,527 shares, compared to its average volume of 2,906,827. The company has a fifty day simple moving average of $151.30 and a two-hundred day simple moving average of $145.37. The firm has a market cap of $101.43 billion, a price-to-earnings ratio of 89.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. Welltower Inc. has a 1-year low of $103.36 and a 1-year high of $158.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly 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 business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm's revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. Research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued 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 1.73%. Welltower's dividend payout ratio is 154.02%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on WELL. Scotiabank restated an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Morgan Stanley upped their target price on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Mizuho lifted their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, 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 note on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight 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 a consensus price target of $168.18.
Check Out Our Latest Research Report on WELL
Insider Buying and Selling
In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.
About Welltower
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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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