WestEnd Advisors LLC decreased its position in Welltower Inc. (NYSE:WELL - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,446 shares of the real estate investment trust's stock after selling 8,240 shares during the quarter. WestEnd Advisors LLC's holdings in Welltower were worth $24,888,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of WELL. Brighton Jones LLC lifted its holdings in shares of Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 279 shares during the period. IFP Advisors Inc lifted its holdings in shares of Welltower by 62.0% in the fourth quarter. IFP Advisors Inc now owns 1,427 shares of the real estate investment trust's stock valued at $180,000 after buying an additional 546 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Welltower by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,164 shares of the real estate investment trust's stock valued at $3,550,000 after buying an additional 384 shares during the period. SVB Wealth LLC acquired a new stake in shares of Welltower in the fourth quarter valued at $407,000. Finally, Williamson Legacy Group LLC acquired a new stake in shares of Welltower in the fourth quarter valued at $811,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Stock Down 0.8%
NYSE:WELL opened at $152.20 on Friday. The firm has a market capitalization of $99.53 billion, a price-to-earnings ratio of 87.47, a PEG ratio of 1.77 and a beta of 0.94. Welltower Inc. has a 1-year low of $102.92 and a 1-year high of $158.55. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The business's fifty day moving average price is $150.50 and its 200 day moving average price is $143.70.
Welltower (NYSE:WELL - Get Free Report) last posted 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. The firm 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 quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. On average, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is currently 154.02%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Mizuho upped their target price on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Evercore ISI upped their target price on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Wells Fargo & Company upped their target price on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.75.
Get 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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