Nwam LLC decreased its position in shares of Welltower Inc (NYSE:WELL) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,102 shares of the real estate investment trust’s stock after selling 738 shares during the quarter. Nwam LLC’s holdings in Welltower were worth $318,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Orrstown Financial Services Inc. acquired a new stake in Welltower during the 1st quarter valued at approximately $25,000. Clarfeld Financial Advisors LLC acquired a new stake in Welltower during the 4th quarter valued at approximately $27,000. JNBA Financial Advisors acquired a new stake in Welltower during the 4th quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC acquired a new stake in Welltower during the 1st quarter valued at approximately $31,000. Finally, Portfolio Solutions LLC acquired a new stake in Welltower during the 4th quarter valued at approximately $34,000. 86.04% of the stock is owned by hedge funds and other institutional investors.
WELL has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Raymond James lifted their price target 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. Deutsche Bank lifted their price target 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. BMO Capital Markets raised shares of Welltower from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $73.00 to $86.00 in a research report on Tuesday. Finally, Morgan Stanley lifted their price target 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. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Welltower presently has an average rating of “Buy” and an average target price of $73.29.
NYSE:WELL traded up $1.45 during mid-day trading on Friday, reaching $77.53. The stock had a trading volume of 1,085,032 shares, compared to its average volume of 1,382,010. The company has a market capitalization of $30.81 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.21 and a beta of 0.43. Welltower Inc has a one year low of $53.53 and a one year high of $79.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.84 and a quick ratio of 1.84.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Welltower Inc will post 4.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.48 annualized dividend and a yield of 4.49%. Welltower’s 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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