Greenleaf Trust lifted its holdings in shares of Welltower Inc (NYSE:WELL) by 5.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,480 shares of the real estate investment trust’s stock after acquiring an additional 381 shares during the quarter. Greenleaf Trust’s holdings in Welltower were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Orrstown Financial Services Inc. purchased a new stake in Welltower in the 1st quarter worth approximately $25,000. Clarfeld Financial Advisors LLC purchased a new stake in Welltower in the 4th quarter worth approximately $27,000. JNBA Financial Advisors purchased a new stake in Welltower in the 4th quarter worth approximately $28,000. Massey Quick Simon & CO. LLC purchased a new stake in Welltower in the 1st quarter worth approximately $31,000. Finally, Heritage Wealth Advisors lifted its stake in Welltower by 464.6% in the 1st quarter. Heritage Wealth Advisors now owns 446 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 367 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.
WELL has been the topic of several research reports. BMO Capital Markets upgraded shares of Welltower from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $73.00 to $86.00 in a research report on Tuesday, May 7th. Deutsche Bank raised their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Morgan Stanley raised their price objective on shares of Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Raymond James raised their price objective on shares of Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised their price objective on shares of Welltower to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, February 21st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.29.
In other Welltower news, EVP Mercedes Kerr sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas J. Derosa sold 19,307 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total transaction of $1,504,015.30. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.
WELL stock opened at $80.22 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.84 and a current ratio of 1.84. Welltower Inc has a 52 week low of $55.82 and a 52 week high of $80.40. The firm has a market cap of $32.40 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 3.37 and a beta of 0.43.
Welltower (NYSE:WELL) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts expect that Welltower Inc will post 4.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Monday, May 13th. Welltower’s dividend payout ratio is currently 86.35%.
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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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