Welltower Inc. (NYSE:WELL) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC decreased its position in Welltower Inc. (NYSE:WELL - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,407 shares of the real estate investment trust's stock after selling 6,575 shares during the period. Kintegral Advisory LLC's holdings in Welltower were worth $2,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Welltower in the 1st quarter worth approximately $28,000. Franchise Capital Ltd purchased a new position in shares of Welltower during the 1st quarter worth approximately $32,000. ZynergyRetirementPlanningLLC purchased a new position in shares of Welltower during the 1st quarter worth approximately $33,000. Finally, Capital Advisors Ltd. LLC increased its holdings in Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Trading Up 1.4%

Shares of WELL traded up $2.06 during mid-day trading on Friday, reaching $152.77. The company had a trading volume of 1,513,926 shares, compared to its average volume of 2,915,102. Welltower Inc. has a fifty-two week low of $102.92 and a fifty-two week high of $158.55. The firm has a fifty day simple moving average of $150.95 and a 200-day simple moving average of $144.24. The stock has a market cap of $99.90 billion, a price-to-earnings ratio of 87.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The company's revenue was up 30.3% on a year-over-year basis. On average, sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

Insider Activity at Welltower

In related news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction 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 purchase, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WELL. Mizuho raised their target price on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Evercore ISI increased their price target on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Wedbush restated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Morgan Stanley increased their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company upped 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.