Trust Co. of Toledo NA OH Trims Stock Position in Welltower Inc. (NYSE:WELL)

Trust Co. of Toledo NA OH decreased its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,306 shares of the real estate investment trust's stock after selling 2,252 shares during the quarter. Welltower comprises 1.6% of Trust Co. of Toledo NA OH's holdings, making the stock its 11th biggest position. Trust Co. of Toledo NA OH's holdings in Welltower were worth $11,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower during the first quarter worth about $28,000. Roxbury Financial LLC acquired a new stake in Welltower during the 4th quarter valued at approximately $26,000. Franchise Capital Ltd acquired a new stake in Welltower during the 1st quarter valued at approximately $32,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the 4th quarter valued at $28,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Welltower by 57.2% in the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WELL. Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank upped their target price on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Bank of America lifted their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $163.25.

Welltower Price Performance

Shares of WELL stock traded up $0.31 during trading hours on Friday, hitting $152.22. 2,487,399 shares of the company's stock were exchanged, compared to its average volume of 2,930,696. The firm has a market cap of $99.54 billion, a P/E ratio of 97.58, a P/E/G ratio of 2.87 and a beta of 0.94. The firm has a 50 day moving average of $148.67 and a two-hundred day moving average of $142.32. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business's revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is 154.02%.

Welltower Company 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.