Wexford Capital LP acquired a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,500 shares of the real estate investment trust's stock, valued at approximately $1,323,000.
Several other hedge funds have also recently modified their holdings of WELL. Geller Advisors LLC increased its holdings in Welltower by 3.7% in the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after buying an additional 69 shares during the period. Mather Group LLC. lifted its position in shares of Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after buying an additional 75 shares in the last quarter. Childress Capital Advisors LLC raised its stake in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 76 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 81 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its stake in Welltower by 2.5% in the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on WELL shares. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Evercore ISI increased their price objective on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Mizuho increased their price objective on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Scotiabank raised 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. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Welltower presently has an average rating of "Moderate Buy" and a consensus price target of $161.83.
Read Our Latest Research Report on WELL
Welltower Trading Up 1.6%
Shares of NYSE:WELL traded up $2.39 during midday trading on Friday, reaching $149.29. 2,183,274 shares of the company's stock were exchanged, compared to its average volume of 2,909,945. The firm's 50 day simple moving average is $147.52 and its two-hundred day simple moving average is $140.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market cap of $97.63 billion, a price-to-earnings ratio of 95.70, a P/E/G ratio of 2.87 and a beta of 0.94. Welltower Inc. has a fifty-two week low of $99.95 and a fifty-two week 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company's quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. As a group, sell-side analysts forecast 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 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's payout ratio is 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.
Recommended Stories
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
