Trek Financial LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,590 shares of the real estate investment trust's stock, valued at approximately $3,001,000.
A number of other institutional investors have also recently bought and sold shares of WELL. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Welltower by 30.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after buying an additional 128,090 shares during the last quarter. Beacon Financial Planning Inc. lifted its position in shares of Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after buying an additional 1,780 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock worth $1,035,000 after buying an additional 2,571 shares during the last quarter. Groupama Asset Managment lifted its position 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 buying an additional 1,891,847 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Welltower by 8.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock worth $20,147,000 after buying an additional 10,423 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on WELL shares. Evercore ISI boosted their price target on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Wedbush reissued an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Mizuho boosted their price objective on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $168.18.
View Our Latest Analysis on WELL
Welltower Price Performance
Shares of WELL stock traded down $0.76 during trading hours on Tuesday, hitting $153.48. The company had a trading volume of 145,035 shares, compared to its average volume of 2,910,414. Welltower Inc. has a 12 month low of $102.92 and a 12 month high of $158.55. The firm has a market capitalization of $100.36 billion, a price-to-earnings ratio of 88.26, a PEG ratio of 1.78 and a beta of 0.92. The firm's fifty day moving average is $151.16 and its 200 day moving average is $144.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. Welltower's revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal 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 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 yield of 1.75%. Welltower's dividend payout ratio (DPR) is presently 154.02%.
Insider Buying and Selling
In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by company insiders.
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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