Trek Financial LLC bought a new position in Welltower Inc. (NYSE:WELL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 19,590 shares of the real estate investment trust's stock, valued at approximately $3,001,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Welltower during the 4th quarter valued at about $3,943,892,000. Northern Trust Corp increased its stake in Welltower by 53.5% during the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock valued at $1,062,495,000 after purchasing an additional 2,939,229 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after acquiring an additional 2,612,044 shares during the period. Groupama Asset Managment grew its stake in shares of Welltower by 23,204.3% in the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after acquiring an additional 1,891,847 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Welltower by 17,343.3% in the first quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock worth $266,287,000 after acquiring an additional 1,728,088 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Price Performance
NYSE:WELL traded up $2.38 during trading hours on Friday, hitting $155.10. 2,419,527 shares of the stock traded hands, compared to its average volume of 2,906,827. 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 1 year low of $103.36 and a 1 year high of $158.55. The company has a market cap of $101.43 billion, a price-to-earnings ratio of 89.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The stock has a 50 day moving average price of $151.30 and a 200 day moving average price of $145.37.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company's revenue for the quarter was up 30.3% on a year-over-year basis. Sell-side analysts forecast 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 given a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.73%. Welltower's dividend payout ratio is 154.02%.
Insider Buying and Selling at Welltower
In related news, Director Andrew Gundlach bought 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Wedbush reiterated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Scotiabank reiterated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Morgan Stanley lifted their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company lifted their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.18.
Check Out Our Latest 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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