Brookfield Asset Management Inc. purchased a new position in Welltower Inc (NYSE:WELL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 63,400 shares of the real estate investment trust’s stock, valued at approximately $3,451,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lincluden Management Ltd. purchased a new position in shares of Welltower during the first quarter worth $3,948,000. Ashfield Capital Partners LLC purchased a new position in shares of Welltower during the first quarter worth $2,442,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Welltower during the first quarter worth $589,000. Parkside Financial Bank & Trust acquired a new stake in Welltower during the first quarter valued at $356,000. Finally, FDx Advisors Inc. acquired a new stake in Welltower during the first quarter valued at $4,165,000. 83.71% of the stock is owned by institutional investors and hedge funds.
In related news, Director Gary Whitelaw bought 925 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were acquired at an average price of $54.18 per share, for a total transaction of $50,116.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.
Several analysts recently commented on WELL shares. BMO Capital Markets restated a “sell” rating and set a $57.00 price target on shares of Welltower in a research report on Thursday, February 22nd. SunTrust Banks set a $58.00 price target on shares of Welltower and gave the company a “hold” rating in a research report on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and set a $60.00 price target (down previously from $74.00) on shares of Welltower in a research report on Friday, February 23rd. Royal Bank of Canada set a $62.00 price target on shares of Welltower and gave the company a “hold” rating in a research report on Monday, February 26th. Finally, Citigroup dropped their price target on shares of Welltower from $67.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.86.
Shares of Welltower opened at $57.21 on Wednesday, according to Marketbeat.com. Welltower Inc has a 52-week low of $49.58 and a 52-week high of $78.17. The stock has a market capitalization of $21.39 billion, a PE ratio of 13.59, a P/E/G ratio of 2.41 and a beta of 0.23. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.79.
Welltower (NYSE:WELL) last announced its earnings results on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.17. Welltower had a net margin of 14.60% and a return on equity of 5.13%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts predict that Welltower Inc will post 4.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Stockholders of record on Tuesday, May 8th were given a $0.87 dividend. The ex-dividend date was Monday, May 7th. This represents a $3.48 annualized dividend and a dividend yield of 6.08%. Welltower’s dividend payout ratio (DPR) is 82.66%.
Welltower Company Profile
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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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