Keybank National Association OH Sells 3,847 Shares of Welltower Inc. (NYSE:WELL)

Keybank National Association OH reduced its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,371 shares of the real estate investment trust's stock after selling 3,847 shares during the quarter. Keybank National Association OH's holdings in Welltower were worth $14,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower in the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC bought a new stake in Welltower during the 1st quarter worth about $28,000. Franchise Capital Ltd acquired a new stake in Welltower in the 1st quarter valued at about $32,000. ZynergyRetirementPlanningLLC acquired a new stake in Welltower in the 1st quarter valued at about $33,000. Finally, Capital Advisors Ltd. LLC raised its stake in shares of 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 acquiring an additional 107 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Up 1.4%

Shares of NYSE WELL traded up $2.06 during mid-day trading on Friday, reaching $152.77. 1,513,926 shares of the company's stock were exchanged, compared to its average volume of 2,920,275. Welltower Inc. has a twelve month low of $102.92 and a twelve month 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 firm has a market capitalization of $99.90 billion, a price-to-earnings ratio of 87.80, a PEG ratio of 1.78 and a beta of 0.92. The business has a fifty day simple moving average of $151.06 and a 200 day simple moving average of $144.53.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. The firm 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 business's quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. As a group, equities analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is presently 154.02%.

Analysts Set New Price Targets

Several research firms have recently commented on WELL. Wells Fargo & Company increased their price target on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Morgan Stanley upped their target price 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. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Scotiabank reiterated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Finally, Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $168.18.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were purchased at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company's stock.

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.