Windward Capital Management Co. CA Raises Holdings in Welltower Inc (NYSE:WELL)

Windward Capital Management Co. CA lifted its holdings in shares of Welltower Inc (NYSE:WELL) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,430 shares of the real estate investment trust’s stock after acquiring an additional 974 shares during the period. Windward Capital Management Co. CA’s holdings in Welltower were worth $3,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NuWave Investment Management LLC increased its position in Welltower by 70.2% during the 1st quarter. NuWave Investment Management LLC now owns 8,271 shares of the real estate investment trust’s stock worth $641,000 after purchasing an additional 3,412 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Welltower in the 1st quarter valued at about $3,304,000. We Are One Seven LLC grew its holdings in Welltower by 82.8% in the 1st quarter. We Are One Seven LLC now owns 23,044 shares of the real estate investment trust’s stock valued at $1,788,000 after buying an additional 10,439 shares during the period. State of Alaska Department of Revenue grew its holdings in Welltower by 1.5% in the 1st quarter. State of Alaska Department of Revenue now owns 200,526 shares of the real estate investment trust’s stock valued at $15,559,000 after buying an additional 2,934 shares during the period. Finally, Hexavest Inc. grew its holdings in Welltower by 5.5% in the 1st quarter. Hexavest Inc. now owns 539,694 shares of the real estate investment trust’s stock valued at $41,880,000 after buying an additional 28,264 shares during the period. Institutional investors and hedge funds own 84.86% of the company’s stock.

In related news, EVP Mercedes Kerr sold 5,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.

Several research firms have commented on WELL. BMO Capital Markets restated a “hold” rating and issued a $73.00 price target on shares of Welltower in a report on Wednesday. Deutsche Bank boosted their target price on Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a report on Friday, March 29th. Morgan Stanley boosted their target price on Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Raymond James boosted their target price on Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their target price on Welltower to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, February 21st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $72.36.

Shares of NYSE WELL traded up $1.10 during trading on Friday, reaching $76.45. The stock had a trading volume of 1,049,103 shares, compared to its average volume of 2,193,140. Welltower Inc has a one year low of $53.53 and a one year high of $79.41. The company has a current ratio of 1.84, a quick ratio of 1.64 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $30.96 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 3.15 and a beta of 0.43.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.02. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. As a group, equities analysts predict that Welltower Inc will post 4.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a yield of 4.55%. Welltower’s payout ratio is currently 86.35%.

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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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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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