United Fire Group Inc. lifted its position in Welltower Inc (NYSE:WELL) by 620.0% in the first quarter, HoldingsChannel.com reports. The firm owned 18,000 shares of the real estate investment trust’s stock after buying an additional 15,500 shares during the period. United Fire Group Inc.’s holdings in Welltower were worth $1,397,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in WELL. Kaizen Advisory LLC boosted its stake in Welltower by 16.6% during the fourth quarter. Kaizen Advisory LLC now owns 971 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 138 shares during the period. CFO4Life Group LLC lifted its position in shares of Welltower by 4.2% during the fourth quarter. CFO4Life Group LLC now owns 3,450 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 139 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of Welltower by 3.9% during the first quarter. Gilman Hill Asset Management LLC now owns 3,824 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 144 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Welltower by 1.5% during the fourth quarter. Sigma Planning Corp now owns 10,048 shares of the real estate investment trust’s stock worth $697,000 after purchasing an additional 149 shares in the last quarter. Finally, Girard Partners LTD. lifted its position in shares of Welltower by 4.3% during the fourth quarter. Girard Partners LTD. now owns 3,753 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 153 shares in the last quarter. 84.94% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on WELL. BMO Capital Markets raised shares of Welltower from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $73.00 to $86.00 in a research report on Tuesday, May 7th. Deutsche Bank increased their price target on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Morgan Stanley increased their price target on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Raymond James increased their price target on shares of Welltower from $75.00 to $78.00 and gave the stock 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 increased their price target on shares of Welltower to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 21st. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $73.29.
NYSE:WELL traded up $0.69 during mid-day trading on Tuesday, hitting $79.92. The stock had a trading volume of 453,507 shares, compared to its average volume of 2,089,578. The stock has a market cap of $32.41 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.37 and a beta of 0.43. Welltower Inc has a twelve month low of $53.76 and a twelve month high of $80.40. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.79.
Welltower (NYSE:WELL) last issued its earnings results 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. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. On average, equities analysts anticipate that Welltower Inc will post 4.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid 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 4.35%. 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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