Welltower Inc. (NYSE:WELL) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,300,721 shares of the real estate investment trust's stock after buying an additional 53,326 shares during the quarter. Rhumbline Advisers owned about 0.20% of Welltower worth $199,283,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Roxbury Financial LLC acquired a new position in Welltower during the fourth quarter worth $26,000. Franchise Capital Ltd acquired a new position in Welltower during the first quarter worth $32,000. Sierra Ocean LLC acquired a new position in Welltower during the fourth quarter worth $28,000. Versant Capital Management Inc increased its position in Welltower by 27.0% during the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after buying an additional 81 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Welltower during the fourth quarter worth $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Up 0.5%

WELL stock traded up $0.78 during trading on Thursday, reaching $152.83. 942,075 shares of the stock traded hands, compared to its average volume of 2,907,508. The business's 50 day moving average price is $148.03 and its 200-day moving average price is $141.61. Welltower Inc. has a 52-week low of $100.13 and a 52-week high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market capitalization of $99.94 billion, a PE ratio of 97.97, a P/E/G ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company 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 business earned $1.01 earnings per share. The company's revenue was up 30.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

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 was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent research reports. Mizuho raised their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus target price of $163.25.

Welltower 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.