Welltower Inc. (NYSE:WELL) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,368 shares of the real estate investment trust's stock after buying an additional 6,604 shares during the quarter. IFM Investors Pty Ltd's holdings in Welltower were worth $40,504,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. GF Fund Management CO. LTD. lifted its position in Welltower by 4.9% in the first quarter. GF Fund Management CO. LTD. now owns 11,794 shares of the real estate investment trust's stock valued at $1,807,000 after buying an additional 555 shares during the last quarter. Calamos Advisors LLC lifted its position in shares of Welltower by 1.1% during the first quarter. Calamos Advisors LLC now owns 118,271 shares of the real estate investment trust's stock worth $18,120,000 after purchasing an additional 1,317 shares in the last quarter. Conning Inc. lifted its position in shares of Welltower by 4.6% during the first quarter. Conning Inc. now owns 3,428 shares of the real estate investment trust's stock worth $525,000 after purchasing an additional 151 shares in the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Welltower during the first quarter worth about $228,000. Finally, Checchi Capital Advisers LLC lifted its position in shares of Welltower by 19.5% during the first quarter. Checchi Capital Advisers LLC now owns 11,003 shares of the real estate investment trust's stock worth $1,686,000 after purchasing an additional 1,797 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Activity

In other news, Director Andrew Gundlach acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company's stock.

Welltower Stock Up 1.4%

Welltower stock traded up $2.06 during mid-day trading on Friday, hitting $152.77. The company had a trading volume of 1,513,926 shares, compared to its average volume of 2,915,102. The stock has a market cap of $99.90 billion, a price-to-earnings ratio of 87.80, a PEG ratio of 1.78 and a beta of 0.92. Welltower Inc. has a 1 year low of $102.92 and a 1 year high of $158.55. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $151.06 and a 200 day moving average of $144.40.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The company 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. On average, sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. 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 1.75%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Analysts Set New Price Targets

WELL has been the topic of several research reports. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Mizuho increased their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Wells Fargo & Company increased their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Scotiabank restated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Finally, Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average target price of $168.18.

About Welltower

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.