Spirit of America Management Corp NY lifted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,725 shares of the real estate investment trust's stock after purchasing an additional 1,700 shares during the period. Welltower comprises 1.2% of Spirit of America Management Corp NY's holdings, making the stock its 25th biggest holding. Spirit of America Management Corp NY's holdings in Welltower were worth $5,780,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in WELL. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower in the first quarter worth about $28,000. Franchise Capital Ltd acquired a new position in shares of Welltower in the first quarter worth about $32,000. Capital Advisors Ltd. LLC boosted its holdings 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 buying an additional 107 shares during the period. First Command Advisory Services Inc. acquired a new position in shares of Welltower in the fourth quarter worth about $50,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of Welltower in the fourth quarter worth about $53,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on WELL. Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Mizuho raised their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Royal Bank Of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company raised their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.25.
Check Out Our Latest Research Report on Welltower
Welltower Price Performance
Shares of WELL opened at $153.06 on Friday. The firm has a market cap of $100.09 billion, a PE ratio of 87.97, a PEG ratio of 1.78 and a beta of 0.94. The firm's 50 day moving average price is $149.61 and its 200 day moving average price is $142.69. 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 Inc. has a twelve month low of $100.13 and a twelve month high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company's revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. As a group, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.
Welltower Announces Dividend
The firm also recently disclosed 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. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is presently 154.02%.
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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