Park Avenue Securities LLC grew its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 26.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 17,043 shares of the real estate investment trust's stock after acquiring an additional 3,587 shares during the period. Park Avenue Securities LLC's holdings in Welltower were worth $2,611,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Roxbury Financial LLC acquired a new position in shares of Welltower in the 4th quarter valued at $26,000. Sierra Ocean LLC acquired a new position in shares of Welltower in the fourth quarter worth about $28,000. Franchise Capital Ltd acquired a new position in shares of Welltower in the first quarter worth about $32,000. First Command Advisory Services Inc. purchased a new position in shares of Welltower in the fourth quarter worth approximately $50,000. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Welltower during the fourth quarter valued at approximately $53,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Welltower Stock Performance
NYSE:WELL traded down $0.87 during mid-day trading on Wednesday, hitting $150.04. 2,002,775 shares of the company's stock traded hands, compared to its average volume of 2,926,472. The firm has a market capitalization of $98.12 billion, a price-to-earnings ratio of 96.18, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The firm has a 50 day moving average of $147.95 and a two-hundred day moving average of $142.04. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12 month low of $100.13 and a 12 month high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Welltower's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. On average, equities 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. Investors of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.79%. Welltower's dividend payout ratio is 154.02%.
Wall Street Analyst Weigh In
WELL has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Scotiabank boosted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Mizuho increased their price objective on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.25.
Read Our Latest Stock Analysis on Welltower
About Welltower
(
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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