Welltower Inc (NYSE:WELL) Stake Lowered by Williams Jones & Associates LLC

Williams Jones & Associates LLC trimmed its position in shares of Welltower Inc (NYSE:WELL) by 2.5% in the 1st quarter, Holdings Channel reports. The fund owned 24,445 shares of the real estate investment trust’s stock after selling 624 shares during the quarter. Williams Jones & Associates LLC’s holdings in Welltower were worth $1,897,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WELL. Orrstown Financial Services Inc. purchased a new stake in shares of Welltower during the first quarter valued at approximately $25,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $27,000. Ellis Investment Partners LLC purchased a new stake in shares of Welltower during the first quarter valued at approximately $27,000. JNBA Financial Advisors purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $28,000. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Welltower during the first quarter valued at approximately $30,000. 87.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on WELL shares. BMO Capital Markets reiterated a “hold” rating and set a $73.00 price target on shares of Welltower in a report on Wednesday, May 1st. Deutsche Bank raised their target price on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a report on Friday, March 29th. Citigroup raised their target price on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Raymond James raised their target price on shares of 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, Morgan Stanley raised their target price on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Welltower presently has a consensus rating of “Buy” and an average target price of $73.29.

In other news, CEO Thomas J. Derosa sold 19,307 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total transaction of $1,504,015.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

WELL traded up $0.32 during trading on Wednesday, hitting $82.43. The company’s stock had a trading volume of 112,798 shares, compared to its average volume of 2,055,218. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.79. Welltower Inc has a one year low of $56.60 and a one year high of $83.87. The company has a market capitalization of $33.38 billion, a PE ratio of 20.45, a PEG ratio of 4.09 and a beta of 0.30.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting 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 business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Welltower Inc will post 4.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were given a $0.87 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.48 annualized dividend and a yield of 4.22%. Welltower’s payout ratio is presently 86.35%.

TRADEMARK VIOLATION WARNING: “Welltower Inc (NYSE:WELL) Stake Lowered by Williams Jones & Associates LLC” was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/06/12/welltower-inc-nysewell-stake-lowered-by-williams-jones-associates-llc.html.

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.

Featured Article: Holder of Record

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.