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

Keybank National Association OH decreased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 have also added to or reduced their stakes in the business. Harbor Capital Advisors Inc. bought a new stake in shares of Welltower during the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new position in Welltower during the first quarter worth $28,000. Franchise Capital Ltd acquired a new position in Welltower during the first quarter worth $32,000. ZynergyRetirementPlanningLLC bought a new stake in Welltower during the first quarter worth $33,000. Finally, Capital Advisors Ltd. LLC raised its position in Welltower by 57.2% during 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 in the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Mizuho lifted their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

Welltower Trading Down 0.6%

Shares of Welltower stock opened at $150.71 on Thursday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. Welltower Inc. has a 12-month low of $102.92 and a 12-month high of $158.55. The company has a market capitalization of $98.56 billion, a price-to-earnings ratio of 86.61, a PEG ratio of 1.76 and a beta of 0.92. The firm's 50-day moving average price is $150.85 and its two-hundred day moving average price is $144.07.

Welltower (NYSE:WELL - Get Free Report) last released its 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 firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The business's revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 earnings per share. On average, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company 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. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 154.02%.

Insider Activity

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was purchased at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

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.

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